Market Data

Wednesday, December 4, 2019

The Sensex Outlook for the Day 04-12-2019

The markets have a near term support at 40551/11958 (the Sensex made a low of 40554 yesterday). 
Its a matter of time, before this level is broken and we see further weakness.
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41041/12102 (cash levels). 
Others can stick to cash or adopt a stock-specific approach.

Index Levels 
Date4-Dec-19
IndexSensexNifty
S2           40,564           11,961
S1           40,642           11,984
Previous Close      40,675.45      11,994.20
R1           40,705           12,003
R2           40,757           12,018
Fair Value           29,664             8,747

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