Monday, November 11, 2019

The Sensex Outlook for the Week Starting 11-11-2019

The trend of consolidation with a downward/negative bias continues. 
The intraday & STBT shorts on the Nifty have been paying off well. Along with the stock-specific longs.
Continuing with the same strategy i.e. Sell the Nifty & Stock Specific Longs. 
Have a negative view on the Nifty for the November expiry.

Index Levels 
Date 11-Nov-19
Index Sensex Nifty
S2            40,143            11,855
S1            40,194            11,870
Previous Close       40,323.61       11,908.15
R1            40,360            11,919
R2            40,399            11,930
Fair Value            30,439              8,989

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