The Sensex Outlook for the Day 19-12-2019

Sooner than later, we will see the markets consolidating at the current levels followed by a correction. Hold on to your existing shorts as per your MTM capacity or sit tight and wait to short as per your risk appetite.

Index Levels
Date	19-Dec-19
Index	Sensex	Nifty
S2	41,490	12,201
S1	41,511	12,208
Previous Close	41,558.57	12,221.65
R1	41,587	12,230
R2	41,903	12,323
Fair Value	29,774	8,756

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The Sensex Outlook for the Week Starting 26-08-2019

Inspite of the positive announcements by the FM post market on Friday, the short term trend remains down.We will see a gap-up and also possibly a small rally, but do not see any rally sustaining above 37100/10947. Initiate opening longs with a strict SL at 36102 (Friday's Low) / 10650.

Index Levels to Watch & Fair Value
Date	26-Aug-19
Index	Sensex	Nifty
S2	36,537	10,781
S1	36,625	10,807
Previous Close	36,701.16	10,829.35
R1	36,745	10,842
R2	36,891	10,885
Fair Value	29,774	8,785

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The Sensex Outlook for the Day - 11-04-2018

  

From the point of view of stability, I'll be happy if the Sensex takes its own sweet time consolidating between 33700-33900, before taking out 34000.

The near term strategy continues - Remain long, add on to your longs with a trailing SL at 33631 for targets closer to 34000, but not necessarily 34000.

Date	11-Apr-18
Index	Sensex	Nifty
S2	33,831	10,387
S1	33,850	10,393
Previous Close	33,880.25	10,402.25
R1	33,950	10,424
R2	33,993	10,437
Fair Value	29,774	9,142

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