Market Data

Showing posts with label 34012. Show all posts
Showing posts with label 34012. Show all posts

Sunday, January 26, 2020

The Sensex Outlook for the Week Starting 27-01-2020

The weekly change in the indices gives no hint of the volatile swings we saw in the week gone by. And this has been the pattern over the last 5 weeks - huge swings & newer highs, but moderate closings on a weekly basis.

Going forward into F&O Expiry + Budget Week, the markets will continue to face immense headwinds / selling pressure at every rise. 

Rarely has any Budget enthused the markets immediately and after almost all Budgets, the markets have tanked - no matter how Good/Bad or Mediocre the Budget was.
Why should this year be any different? 

Use any rise/rally to build INDEX aggressive shorts in the run-up to the budget. (Off-course, all short positions have to be inline with your MTM capacity). 

My bearish outlook will remain in place as long as the markets trade below 41700/12275 and will be negated with a sustained close above 41985/12357.

Index Levels 
S2           41,486           12,211
S1           41,538           12,226
Previous Close      41,613.19      12,248.25
R1           41,630           12,253
R2           41,653           12,260
Fair Value           34,012           10,011
GenerateChart (1).png
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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

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