Market Data

Monday, December 16, 2019

The Sensex Outlook for the Week Starting 16-12-2019


There are only 2 scenarios for the markets as the markets move tantalizingly close to their all-time highs.
The markets will either make new highs right away and correct thereafter or correct without making any new highs - in either scenario, a correction is inevitable. Traders can short the NIFTY as per their risk appetite and MTM capacity. This is definitely not the time for investments.

Index Levels 
Date16-Dec-19
IndexSensexNifty
S2           40,896           12,053
S1           40,934           12,064
Previous Close      41,009.71      12,086.70
R1           41,056           12,100
R2           41,164           12,132
Fair Value           29,712             8,757
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