Market Data

Showing posts with label 29817. Show all posts
Showing posts with label 29817. Show all posts

Thursday, April 5, 2018

The Sensex Outlook for the Day - 05-04-2018


  

The so-called "Trade Wars" be damned. The Sensex corrected from a high of 33505 and then settled just above 33973. We are clearly in a well-defined trading range and
the markets are in no mood to break this range anytime soon.

What bothers me is when the Sensex is tired of playing ping-pong in the 32900-33500 range and there is no incentive to break on the upside - how low could we fall from the recent lows???
For now, just play this range, with a clear trailing SL at 32900 and a target of 33500.

Date
5-Apr-18
IndexSensexNifty
S232,94810,107
S132,99610,121
Previous Close                      33,019.07 10,128.40
R133,04110,135
R233,13610,164
Fair Value29,8179,146







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Tuesday, March 20, 2018

The Sensex Outlook for the Day - 20-03-2018


The near term outlook remains weak/subdued.However the bottom is not much further below : sub 32800 / sub 10000 possibly, but the markets wont stay long at the bottom after finding it finally. You can either trade light and sit on the sidelines or initiate aggressive longs at every 100 points off at the Sensex, like yours truly.

Date
20-Mar-18
IndexSensexNifty
S232,84310,070
S132,89010,084
Previous Close                      32,923.12                10,094.25
R133,00710,120
R233,07710,141
Fair Value29,8179,142






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Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG  



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