The Sensex Outlook for 26-Sep-2023

The NIFTY struggled to sustain above 19710 despite having crossed that level several times during the day.

While the near term trend (September expiry) remains moderately positive, the markets are stuck in a tight trading range of 19600-19700. A decisive move in either direction is required to take the trend in the direction of the move.

Conservative traders can continue to add Stock Specific longs of the October Expiry.

		26 Sep 23
	Index	Sensex	Nifty	BankNifty
	S2	65,543	19,537	44,166
	S1	65,783	19,606	44,466
	Previous Close	66,023.69	19,674.55	44,766.10
	R1	66,245	19,739	45,001
	R2	66,466	19,803	45,237
	Weekly Change from Last Friday	14.54	0.30	154.05
	Fair Value	58,536	17,443	39,689

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