Wednesday, November 13, 2019

The Sensex Outlook for the Day 13-11-2019

The bulls seem to be finally losing the tempo. With selling pressure on higher levels as well as short-covering at lower levels, the trading band will get tighter with heightened volatility. Continue with the intraday shorts and STBT shorts on the Nifty.Have a negative view on the Nifty for the November expiry.

Index Levels 
Date13-Nov-19
IndexSensexNifty
S2           40,299           11,900
S1           40,305           11,901
Previous Close      40,345.08      11,913.45
R1           40,408           11,932
R2           40,441           11,942
Fair Value           31,637             9,342

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