Market Data

Showing posts with label 29927. Show all posts
Showing posts with label 29927. Show all posts

Wednesday, September 18, 2019

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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Sunday, April 1, 2018

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
IndexSensexNifty
S232,90510,094
S132,94010,104
Previous Close                      32,968.68 10,113.70
R132,99710,122
R233,03710,134
Fair Value29,9279,180







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

Wednesday, April 5, 2017

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




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


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