Market Data

Tuesday, November 19, 2019

The Sensex Outlook for the Day 19-11-2019

There is a view going on that, the market is finding it difficult to fall and consolidation within bull phases tend to be boring. However, a bull phase that almost borders euphoria while the ground situation continues to be gloomy isn't very comforting & corrections within 'consolidation' can be lethal and crippling. Sooner than later, this consolidation phase will give way to a deeper correction in the indices.  We continue to focus on the ample stock-specific opportunities. 

Those who are patiently holding their NIFTY short positions will be amply rewarded closer to the November expiry.
Index Levels 
S2           40,186           11,855
S1           40,261           11,878
Previous Close      40,284.19      11,884.50
R1           40,308           11,892
R2           40,339           11,901
Fair Value           29,938             8,832

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