The Sensex Outlook for the Week Starting 16-09-2019

There is no change in the near & short term trends for the markets - both remain clearly down.On Friday, the markets closed nearer to their resistance levels, so its a given that 

we will see a down move from the current levels on opening.

The markets have to cross & sustain 37500 (11110) before the outlook changes from negative to neutral. Keep these levels as a closing SL and remain short on the markets.

Index Levels
Date	16-Sep-19
Index	Sensex	Nifty
S2	37,266	11,041
S1	37,291	11,048
Previous Close	37,384.99	11,075.90
R1	37,397	11,079
R2	37,435	11,091
Fair Value	29,424	8,717

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The Sensex Outlook for the day - 18-04-2017

The trading band for the markets has contracted considerably to 29300 – 29500. While the bottom seems to be in place, the markets have not stabilized enough to start rebuilding longs. A close below 29291 will further weaken the bulls.

Date	18-Apr-17
S2	29,291		9,101
S1	29,363		9,124
Previous Close	29,413.66		9,139.30
R1	29,424		9,142
R2	29,452		9,151
Fair Value	26,767		8,317

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