Market Data

Wednesday, December 18, 2019

The Sensex Outlook for the Day 18-12-2019


So the markets have made new highs and also sustained their levels yesterday. Above 41000 & 12000, the markets are in a breakout zone and it's difficult to say where will they take a pause or stop. 
For now, we are in a wait-n-watch zone as to how the rally plays out from these levels. Do not rush to cover your shorts right away - just hold them for the day or 2.

Index Levels 
Date18-Dec-19
IndexSensexNifty
S2           41,214           12,124
S1           41,253           12,136
Previous Close      41,352.17      12,165.00
R1           41,377           12,172
R2           41,653           12,253
Fair Value           29,829             8,775
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