Market Data

Friday, November 8, 2019

The Sensex Outlook for the Day 08-11-2019

There is no change in the near term outlook from the last 2/3 days. The run-up to a new high for the Nifty from the current levels will not be a smooth one-way path. It makes more sense to stick with stock-specific opportunities rather than wait for the Nifty to make a new life high like the Sensex.
Index Levels 
Date8-Nov-19
IndexSensexNifty
S2           40,519           11,972
S1           40,561           11,985
Previous Close      40,653.74      12,012.05
R1           40,680           12,020
R2           41,007           12,116
Fair Value           30,378             8,976

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