Market Data

Showing posts with label 34000. Show all posts
Showing posts with label 34000. Show all posts

Wednesday, October 31, 2018

The Sensex Outlook for the Day - 31-10-2018


When the markets are consistently bouncing off supports but, at the same time, falling short of crossing resistances - they are just killing time before brutally breaking the supports.
For the day, 33800 and 34000 are very strong supports and resistances respectively.In the near term, the Sensex will attempt crossing 34200, before crashing to 33292/lower levels.
The outlook will turn positive only after the Sensex manages to close above and sustain 35405.

Date 31-Oct-18
Index Sensex Nifty
S2 33,769 10,162
S1 33,806 10,173
Previous Close   33,891.13 10,198.40
R1 33,956 10,218
R2 34,012 10,235
Fair Value 32,175 9,683


























Thursday, September 27, 2018

The Sensex Outlook for the Day - 27-09-2018

The markets couldn't sustain the opening gains yesterday, as expected.
Expect heightened volatility with a downward bias as head to the September expiry.
Continue to Sell on every Rise.
35200 and ~34000 remain the near and short term targets for the markets.

Date 27-Sep-18
Index Sensex Nifty
S2 36,358 10,998
S1 36,500 11,041
Previous Close   36,542.27 11,053.80
R1 36,579 11,064
R2 36,613 11,075
Fair Value 31,934 9,659



Wednesday, September 26, 2018

The Sensex Outlook for the Day - 26-09-2018

We will see some follow-up rise today also, but this market remains in a down-trend and its best to Sell on every Rise.
35250 and ~34000 remain the near and short term targets for the markets.

Date 26-Sep-18
Index Sensex Nifty
S2 36,536 11,031
S1 36,600 11,051
Previous Close   36,652.06 11,067.45
R1 36,706 11,083
R2 36,730 11,090
Fair Value 32,180 9,716






Tuesday, April 24, 2018

The Sensex Outlook for the Day - 24-04-2018

  
I continue to remain bearish in the extreme near term. The Sensex has had trouble staying above 34470-34500 during the last few days.It is now easier to break the lows (~34300) than to attempt to take on 34500 immediately.
Will look at fresh longs around 34000.

Date
24-Apr-18
IndexSensexNifty
S234,40410,570
S134,43110,578
Previous Close                      34,450.77 10,584.70
R134,50110,599
R234,54310,612
Fair Value30,1919,275



By reading this message, you are agreeing to
the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG







Subscribe via email

Enter your email address:

Delivered by FeedBurner