Market Data

Showing posts with label 31423. Show all posts
Showing posts with label 31423. Show all posts

Sunday, April 19, 2020

The Sensex Outlook for the Week Starting 20-04-2020

The "bear market" rally which started from the recent lows of ~25600/~7500 is nearing its first major resistance zone.
While the markets are poised comfortably above major support zones, the region from 31700-32600 (9300-9600) is a major resistance/supply zone.

In the near term, the worst-case scenario could be that the markets consolidate around the current levels, before moving up and the best-case scenario would be that ~32600/9600 is taken out effortlessly in this week.
Continue to remain long/add to your longs. Conservative traders can keep a closing SL at 30960/9080.
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date20-Apr-20
IndexSensexNifty
S2           31,362             9,200
S1           31,423             9,218
Previous Close      31,588.72        9,266.75
R1           31,686             9,295
R2           32,393             9,503
Fair Value           34,426           10,099
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Thursday, June 14, 2018

The Sensex Outlook for the Day - 14-06-2018

​There is really no change in the near term outlook from yesterday - we continue to book profits. The 

BANKNIFTY Puts will​ loose money for us, but the NIFTY Puts will pay off well. The outlook will turn bearish

from profit-booking only with a close below 35500.

Date 14-Jun-18
Index Sensex Nifty
S2 35,638 10,826
S1 35,724 10,852
Previous Close                               35,739.16 10,856.70
R1 35,775 10,867
R2 35,810 10,878
Fair Value 31,423 9,545

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Friday, August 11, 2017

The Sensex Outlook for the Day - 11-08-2017

The markets are going to open with a Gap-down, no doubt. However if the Sensex manages to hold 31262, then there is some hope of the markets stabilizing before closing. If you're STILL holding long positions, Hats Off!!! to you, but keep a SL at 31262 now.

Date11-Aug-17
IndexSensexNifty
S231,0549,672
S131,4239,786
Previous Close31,531.33 9,820.25
R131,5709,832
R231,6329,852
Fair Value27,3408,515




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