The Sensex Outlook for the Day 30-04-2020

With the targets of 32500/9500 taken comfortably, the next targets for the markets are 33500/9800.

Nevertheless, book profits on your NIFTY longs before the long weekend.

Aggressive traders can keep a closing SL at 32400/9450, if they are carrying over their longs to the next week.

Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date	30-Apr-20
Index	Sensex	Nifty
S2	32,518	9,494
S1	32,596	9,517
Previous Close	32,720.16	9,553.35
R1	32,853	9,592
R2	33,036	9,646
Fair Value	34,364	10,033

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The Sensex Outlook for the Day - 26-10-2018

Expecting a small bounce, to marginally reduce the weekly losses from the current -625/-178 on the Sensex & the Nifty.

Trade light for the day, book some profits (on your shorts) and wait for Monday to short afresh for sub-33500/sub-10000 levels.

The outlook will turn positive only after the Sensex manages to close above and sustain 35408.

Date	26-Oct-18
Index	Sensex	Nifty
S2	33,614	10,103
S1	33,674	10,121
Previous Close	33,690.09	10,124.90
R1	33,805	10,161
R2	33,839	10,171
Fair Value	32,131	9,658

The Sensex Outlook for the Day - 25-10-2018

Given the global cues including the very own SGX Nifty, its a clear down day. 

Continue to remain short for sub-33500/sub-10000 levels.

The outlook will turn positive only after the Sensex manages to close above and sustain 35409.

Date	25-Oct-18
Index	Sensex	Nifty
S2	33,851	10,169
S1	34,005	10,215
Previous Close	34,033.96	10,224.75
R1	34,083	10,238
R2	34,222	10,280
Fair Value	32,088	9,639

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The Sensex Outlook for the Day - 23-10-2018

There is no change in the near term outlook from yesterday - expect the indices to drift lower and close the F&O series at sub 33500/ sub 10000 levels. 

Any rise can be safely used to create fresh shorts, since the markets cannot sustain higher levels - like we saw yesterday.

The outlook will turn positive only after the Sensex manages to close above and sustain 35409.

Date	23-Oct-18
Index	Sensex	Nifty
S2	33,724	10,121
S1	34,083	10,229
Previous Close	34,134.38	10,245.25
R1	34,195	10,263
R2	34,317	10,299
Fair Value	32,153	9,650

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The Sensex Outlook for the Week Starting - 22-10-2018

Expect the indices to drift lower and close the F&O series at sub 33500/ sub 10000 levels. Any rise can be safely used to create fresh shorts.The outlook will turn positive only after the Sensex manages to close above and sustain 35407.

Date	22-Oct-18
Index	Sensex	Nifty
S2	33,724	10,127
S1	34,140	10,252
Previous Close	34,315.63	10,303.55
R1	34,340	10,312
R2	34,470	10,351
Fair Value	32,132	9,649