Market Data

Thursday, November 18, 2021

The Sensex Outlook for the Day 18-11-2021

We started off this week with a lot of promise - hoping to build on last week's gains - however, the consistent failure to cross the key levels of 60690/18193 only pushed the markets lower. As we close off this truncated trading week, expect a minor bounce back - but the markets will regain their mojo only with a close above 60365/18005/38683.

Aggressive traders can bottom fish at these levels like I have been advising for the better part of the downtrend - others can wait till next week.

18 Nov 21
S2 59,850 17,850
S1 59,945 17,878
Previous Close 60,008.33 17,898.65
R1 60,113 17,928
R2 60,186 17,950
Fair Value 45,398 13,540

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