Market Data

Showing posts with label 29523. Show all posts
Showing posts with label 29523. Show all posts

Monday, September 23, 2019

The Sensex Outlook for the Week Starting 23-09-2019



A simple lowering of corporate tax rates when the markets and sentiments were at the lowest ebb triggered the biggest intraday rally of the decade.
Most market participants were caught off-guard and the simplest thing for them was to cover their shorts.

While the markets are saved (for the time being) from the earlier targets of  35636/10659 35400/10500, the levels of 38400/11382 are formidable resistances to surmount for now. Expect some volatile consolidation around the current levels before the market makes the next move. Do not jump into the bull-wagon right away. Monday's move will set the near term trend for the markets.
Index Levels 
Date 23-Sep-19
Index Sensex Nifty
S2            37,493           11,120
S1            37,535           11,132
Previous Close     38,014.62    11,274.20
R1            38,287           11,355
R2            38,378           11,382
Fair Value          29,523            8,756

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Friday, February 20, 2015

The Sensex Outlook for the day - 20-02-2015




While the near term target of 29647 is still on, book some profits for the week.
As of now, only a close below 29000 will be a sign of weakness in the markets.
Date 20-Feb-15
S2 29,364
S1 29,420
Sensex Previous Close                  29,462.27
R1 29,523
R2 29,651
Medium Term Fair Value (6-12 months) 29,950
Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

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