Market Data

Showing posts with label 28722. Show all posts
Showing posts with label 28722. Show all posts

Friday, July 12, 2019

The Sensex Outlook for the Day - 12-07-2019



The markets continue to be in a sell on rise/pullback mode. Risk averse traders can lie low for the day and initiate fresh trades from Monday. Others can short the markets / continue to hold on to the shorts at close yesterday.

Index Levels to Watch & Fair Value
Date 12-Jul-19
Index Sensex Nifty
S2            38,734           11,556
S1            38,782           11,571
Previous Close     38,823.11    11,582.90
R1            38,854           11,592
R2            38,869           11,597
Fair Value 28,722 8,569



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Sunday, June 30, 2019

The Sensex Outlook for the Week Starting - 01-07-2019


The markets have broken multiple support levels to land where there are currently poised.The region from the current levels to 39675-39722 (11873-11887) is fraught with resistances. It will taken an Herculean effort by the bulls to cross the 39675-39722 (11873-11887) zone anytime soon.
Its best to remain short on the markets while looking for stock specific opportunities in the Top-100 Universe.

As regards to the Union Budget on Friday,  expect the same to consolidate on the proposals of the interim budget presented earlier in the year. It will be sane to not have any expectations from the Budget or expect a Pre-Budget Rally in the markets.

Index Levels to Watch & Fair Value
Date 01-Jul-19
Index Sensex Nifty
S2            39,006           11,673
S1            39,343           11,773
Previous Close     39,394.64    11,788.85
R1            39,426           11,798
R2            39,459           11,808
Fair Value 28,722 8,595



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By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at 





Wednesday, April 15, 2015

The Sensex Outlook for the day - 16-04-2015


My cautious optimism yesterday was not misplaced.As the Sensex moves towards the 29500+ region it will show signs of fatigue.Only aggressive traders can think of longs at the current levels.
Keep a stop-loss at 28612 for all existing and fresh longs.
Date 16-Apr-15
S2 28,722
S1 28,774
Sensex Previous Close                  28,799.69
R1 28,872
R2 29,025
Medium Term Fair Value (6-12 months) 29,578


 
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