Market Data

Showing posts with label 33100. Show all posts
Showing posts with label 33100. Show all posts

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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Monday, March 12, 2018

The Sensex Outlook for the Week Starting 12-03-2018

  


The Sensex is poised at resistances starting from ~33350 and going all the way to ~33500+.Its a given that we will have a gap-up opening, however the key is the gap-up levels are sustained long enough for the resistances to be comfortably taken in. On the downside, as long as the Sensex manages to trade and close above 33100 today, the near term outlook would turn neutral from negative.


Date
 12-Mar-18
IndexSensexNifty
S233,09510,162
S133,23110,203
Previous Close                      33,307.14                10,226.85
R133,32210,231
R233,36110,243
Fair Value29,8989,180








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Wednesday, November 1, 2017

The Sensex Outlook for the Day - 01-11-2017


The Sensex managed to hold on to key supports yesterday - increase the SL to 33100 and initiate aggressive longs for a near term target of ~33500.

Date1-Nov-17
IndexSensexNifty
S233,16010,319
S133,17510,324
Previous Close33,213.13 10,335.30
R133,22410,339
R233,30710,365
Fair Value27,5108,561



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