Market Data

Showing posts with label 28876. Show all posts
Showing posts with label 28876. Show all posts

Monday, July 15, 2019

The Sensex Outlook for the Week Starting 15-07-2019



The markets bounced off from their lows on Friday, 
but not enough to change the short term trend which remains down only. 
The level of 38814 (11576) poses a very strong 
resistance. Failure to convincingly cross these levels, 
will only leave the doors open for further downside. 
Any positive opening/bounce should be used to initiate fresh shorts with a 
SL at 39022 (11640) - ie Friday's Highs.
 
Index Levels to Watch & Fair Value
Date 15-Jul-19
Index Sensex Nifty
S2            38,597           11,511
S1            38,714           11,546
Previous Close     38,736.23    11,552.50
R1            38,765           11,561
R2            38,814           11,576
Fair Value 28,876 8,612

   
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Thursday, March 9, 2017

The Sensex Outlook for the day - 09-03-2017


Buy on the opening dip/ gap – down with an intraday perspective. The near term outlook will turn bearish only with a close below 28800.

Date
09-Mar-17
Index
Sensex

Nifty
S2
28,815

8,898
S1
28,876

8,916
Previous Close
                                    28,901.94

              8,924.30
R1
29,022

8,961
R2
29,101

8,986
Fair Value
26,901

8,306


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Thursday, April 16, 2015

The Sensex Outlook for the day - 17-04-2015


The Sensex is currently poised at supports.Best to trade light and take a fresh ST look next week.
Keep a stop-loss at 28612 for all existing and fresh longs.
Date 17-Apr-15
S2 28,498
S1 28,666
Sensex Previous Close                  28,679.99
R1 28,688
R2 28,876
Medium Term Fair Value (6-12 months) 29,544


 
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Tuesday, February 24, 2015

The Sensex Outlook for the day - 25-02-2015


The near term outlook continues to be negative.The Sensex will continue to flirt with sub-29000 levels and test the lower supports given below.Best to trade light for while.


Date 25-Feb-15
S2 28,876
S1 28,989
Sensex Previous Close                  29,004.66
R1 29,131
R2 29,319
Medium Term Fair Value (6-12 months) 29,946
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