Market Data

Showing posts with label 29774. Show all posts
Showing posts with label 29774. Show all posts

Thursday, December 19, 2019

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 
Date19-Dec-19
IndexSensexNifty
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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Sunday, August 25, 2019

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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Wednesday, April 11, 2018

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
IndexSensexNifty
S233,83110,387
S133,85010,393
Previous Close                      33,880.25 10,402.25
R133,95010,424
R233,99310,437
Fair Value29,7749,142


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