Thursday, November 14, 2019

The Sensex Outlook for the Day 14-11-2019

Having broken the narrow trading range on the downside, the chances of an accelerated downtrend cannot be ruled out. 
The bulls will make an attempt to regain lost ground, but the bears will remain in control below 40300/11900. 
My bearish/short the Nifty stand will be vindicated soon.

Index Levels 
Date14-Nov-19
IndexSensexNifty
S2           39,672           11,709
S1           40,038           11,817
Previous Close      40,116.06      11,840.45
R1           40,159           11,853
R2           40,192           11,863
Fair Value           31,673             9,349

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