Market Data

Showing posts with label 29424. Show all posts
Showing posts with label 29424. Show all posts

Monday, September 16, 2019

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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Tuesday, April 18, 2017

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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