Market Data

Showing posts with label 29567. Show all posts
Showing posts with label 29567. Show all posts

Thursday, August 22, 2019

The Sensex Outlook for the Day - 22-08-2019


While the trend remains clearly down, a brief uptick from the current levels cannot be ruled out. The markets will try to regain 37400/11020, but reaching there and staying there are 2 different things.
Index Levels to Watch & Fair Value
Date 22-Aug-19
Index Sensex Nifty
S2            36,974           10,893
S1            37,023           10,908
Previous Close     37,060.37    10,918.70
R1            37,150           10,945
R2            37,200           10,960
Fair Value 29,567 8,711

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Tuesday, March 21, 2017

The Sensex Outlook for the day - 21-03-2017


The markets did correct from the near-term tops, thankfully however the SL level of 29450 was not violated. Expect a moderate bounce back from the current levels. Buy on dips upto 29482.
The targets of 29950/9250 (cash levels) before the FnO expiry still stand. However, these targets will be negated with a close below 29450.

Date
21-Mar-17
Index
Sensex

Nifty
S2
29,410

9,093
S1
29,482

9,116
Previous Close
                                    29,518.74

              9,126.85
R1
29,567

9,142
R2
29,699

9,183
Fair Value
26,772

8,278




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