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 
Date19-Nov-19
IndexSensexNifty
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

GenerateChart (1).png
GenerateChart.png

--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG   

Subscribe via email

Enter your email address:

Delivered by FeedBurner