Market Data

Showing posts with label 33500. Show all posts
Showing posts with label 33500. Show all posts

Thursday, April 30, 2020

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.

Date30-Apr-20
IndexSensexNifty
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
Raghav's Picks Trading Range Indicator.png

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Friday, October 26, 2018

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



Thursday, October 25, 2018

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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Tuesday, October 23, 2018

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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Monday, October 22, 2018

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



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