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

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

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

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
Index	Sensex	Nifty
S2	34,404	10,570
S1	34,431	10,578
Previous Close	34,450.77	10,584.70
R1	34,501	10,599
R2	34,543	10,612
Fair Value	30,191	9,275

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