The Sensex Outlook for the Day 18-09-2019

The readers of this column will not surprised  or perturbed by the market crash. We have been consistently bearish on the markets and continue to remain so. Any bounce back today should be used to initiate fresh aggressive shorts.The markets are currently placed nearer to their immediate supports and its a matter of time before 36400 and 10790 are decisively broken.

The markets will have to cross & sustain 36996 (10970) before the outlook changes from downright negative to neutral. Keep these levels as a closing SL and remain short on the markets. 

Index Levels
Date	18-Sep-19
Index	Sensex	Nifty
S2	36,182	10,729
S1	36,410	10,796
Previous Close	36,481.09	10,817.60
R1	36,690	10,880
R2	36,816	10,917
Fair Value	29,927	8,874

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The Sensex Outlook for the Week Starting 02-04-2018

  

The markets are in a tight range of 32900-33100. Any movement outside this range will take the markets deeper in that direction.

As of now, I would take a contrarian call and build aggressive longs with a view that 33100 will be broken out of.

If you're a conservative trader, its better to trade light or not trade at all.

Others, like Yours Truly, keep a trailing SL at 32892 and go long with a vengeance!

Date	2-Apr-18
Index	Sensex	Nifty
S2	32,905	10,094
S1	32,940	10,104
Previous Close	32,968.68	10,113.70
R1	32,997	10,122
R2	33,037	10,134
Fair Value	29,927	9,180

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The Sensex Outlook for the day - 05-04-2017

The momentum will take the markets higher to 30095/30163, but from there, we could get into a consolidation or a time correction.

Dont be in a hurry to book some profits immediately. The SL level now stands at 29706 (yesterday's low).

Date	05-Apr-17
Index	Sensex		Nifty
S2	29,766		9,193
S1	29,848		9,219
Previous Close	29,910.22		9,237.85
R1	29,927		9,243
R2	30,028		9,274
Fair Value	26,822		8,284

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