Market Data

Thursday, December 12, 2019

The Sensex Outlook for the Day 12-12-2019

The markets yesterday, recovered from the day's lows and even closed above the SL levels given for short positions. However, any bounce/rally is going to be short-lived.
Ultimately the markets will come down to sub 40000 (sub 11800) levels in the days to come. Short the markets on every rise, keeping in mind your individual risk appetite and MTM capacity.

Index Levels 
Date12-Dec-19
IndexSensexNifty
S2           40,338           11,888
S1           40,380           11,901
Previous Close      40,412.57      11,910.15
R1           40,466           11,926
R2           40,505           11,937
Fair Value           29,647             8,738

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