The Sensex Outlook for 28-Sep-2023

On a net closing basis, the markets may have been flat, but we did see an incredibly smart bounce from the lows of the day and a final close above 19700, finally out of the tough 19600-19700 band.

Going forward, the markets are in a comfortable position as long as they manage to trade above / hold the levels of 19655/44452 and we can again look forward towards 19900/45200 in the short term.

		28 Sep 23
	Index	Sensex	Nifty	BankNifty
	S2	65,325	19,490	43,994
	S1	65,722	19,603	44,291
	Previous Close	66,118.69	19,716.45	44,588.30
	R1	66,344	19,780	44,777
	R2	66,569	19,844	44,965
	Weekly Change from Last Friday	109.54	42.20	(23.75)
	Fair Value	58,536	17,455	39,475

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