Market Data

Wednesday, November 6, 2019

The Sensex Outlook for the Day 06-11-2019

There is no change in the near term outlook from yesterday, the run-up to a new high for the Nifty and the corrective wave from thereafter will test the patience of the bulls and bears both. Best to stick to stock-specific opportunities or cash. Aggressive traders can remain short on the Nifty with a view on November expiry.

Index Levels 
Date6-Nov-19
IndexSensexNifty
S2           40,179           11,897
S1           40,220           11,909
Previous Close      40,248.23      11,917.20
R1           40,406           11,964
R2           40,460           11,980
Fair Value           30,366             8,991

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