Market Data

Showing posts with label 32900. Show all posts
Showing posts with label 32900. Show all posts

Friday, April 6, 2018

The Sensex Outlook for the Day - 06-04-2018

  

The Sensex now needs to take out yesterday's high of 33637 for the rally from the 32900 zone to gain further boost.
However I don't see that happening today.
On the downside,as long as the Sensex trades above 33405 today, the near term outlook remains bullish.
Depending on your risk appetite, trade light for the day or simply hold on to your existing longs with a SL at 33405.
Date
6-Apr-18
IndexSensexNifty
S233,50110,295
S133,51510,300
Previous Close                      33,596.80 10,325.15
R133,63710,337
R233,87710,411
Fair Value29,7519,143





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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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Wednesday, April 4, 2018

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


  

The near term outlook is cautiously bullish - the important thing is to see if the Sensex manages to cross and sustain 33535+. A failure to cross this level convincingly will put the markets back into the 32800/32900-33100/33300 trading range.
Hold on to your longs, add small-staggered longs for a near term target of 33500 while keeping a trailing SL at 33286.

Date
4-Apr-18
IndexSensexNifty
S233,30910,227
S133,33210,234
Previous Close                      33,370.63 10,245.00
R133,40310,256
R233,53510,296
Fair Value29,7949,148




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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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Thursday, March 8, 2018

The Sensex Outlook for the Day - 08-03-2018

  

A fall below 32900 will only worsen things, but a close above 33200 will not necessarily change the outlook to neutral from currently negative.
32900-33200 should be the new range for the markets for now.
Its better to stick to stock specific opportunities, rather than long or short the Nifty

Date
8-Mar-18
IndexSensexNifty
S232,91410,118
S133,01210,148
Previous Close                      33,033.09                10,154.20
R133,12310,182
R233,28510,232
Fair Value29,6779,123







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Tuesday, November 14, 2017

The Sensex Outlook for the Day - 14-11-2017


Yesterday's support level continues to taunt the Sensex - as the resistance this time - 33127. The Sensex needs to close above 33127, before we can assume that the near term trend has turned positive once again.Continue to trade light as long as the Sensex is between the 32900-33127 range.

Date14-Nov-17
IndexSensexNifty
S232,83310,163
S133,00010,215
Previous Close 33,033.56 10,224.95
R133,07310,237
R233,12710,254
Fair Value28,0378,678

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