Market Data

Showing posts with label 35500. Show all posts
Showing posts with label 35500. Show all posts

Sunday, June 17, 2018

The Sensex Outlook for the Week Starting 18-06-2018


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​In the extreme near term, I'm extremely bearish on the markets (Like I have been saying so, in the past 2/3 Sensex Outlook's).I have been advising profit-booking post 35500 and now I'm looking at much lower levels in the near term.

This bearish outlook will be negated only, if by some Magic, the Sensex manages to close above 35768 tomorrow. 

Keep the same level as the SL for all short positions.


Date 18-Jun-18
Index Sensex Nifty
S2 35,541 10,793
S1 35,572 10,802
Previous Close                               35,622.14 10,817.70
R1 35,654 10,827
R2 35,768 10,862
Fair Value 31,577 9,589


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Wednesday, June 13, 2018

The Sensex Outlook for the Day - 13-06-2018



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​Finally 35500 is taken, book some profits for now.The near term outlook will turn negative only with a close below 35500. 

We were already holding BANKNIFTY Puts, added NIFTY Puts as well,yesterday.

Date 13-Jun-18
Index Sensex Nifty
S2 35,623 10,821
S1 35,644 10,828
Previous Close                               35,692.52 10,842.85
R1 35,743 10,858
R2 35,931 10,915
Fair Value 31,261 9,496





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Tuesday, June 12, 2018

The Sensex Outlook for the Day - 12-06-2018


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​The Sensex is only 2.64% from the previous Life High (36443.98); but as we saw today - scaling and sustaining 35500 is a very tough nut to crack. Its best to trade the range for now - 35000-35500.

We are holding BANKNIFTY Puts and will go long on the NIFTY Calls with a SL at 35444/35121 (depending on risk appetites).


Date 12-Jun-18
Index Sensex Nifty
S2 35,444 10,777
S1 35,470 10,784
Previous Close                               35,483.47 10,786.95
R1 35,544 10,807
R2 35,606 10,826
Fair Value 31,264 9,506




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Sunday, June 10, 2018

The Sensex Outlook for the Week Starting 11-06-2018



The Sensex has comfortably settled itself above 35000.However the test now lies in conquering Mt.35500.
Allow the Sensex to consolidate in the 35000-35500 before proceeding towards 36000 and newer Life High's.
The near term outlook is optimistic and the short term outlook is bullish.
Use any dips till 35145 to stock-up on your longs.The optimistic and bullish outlook will change for 
the worse only with a close below 35063.Keep 35063 as a SL for all existing and newer longs.

Date 11-Jun-18
Index Sensex Nifty
S2 35,362 10,742
S1 35,396 10,752
Previous Close                               35,443.67 10,767.65
R1 35,553 10,800
R2 35,629 10,823
Fair Value 31,855 9,676


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Tuesday, June 5, 2018

The Sensex Outlook for the Day - 05-06-2018



Thankfully, the Sensex managed to close above the SL level of 34994 given yesterday.
Any further dips till 34900, are opportunities to buy for an initial target of 35500; before the markets attempt fresh highs in a couple of weeks.
In the worst case scenario, the Sensex will probably consolidate between 35000 and 35400. 
Stick to a mixture of Stocks and Index Calls in your trading portfolio; with a SL at 34900.

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Date 05-Jun-18
Index Sensex Nifty
S2 34,730 10,543
S1 34,982 10,620
Previous Close               35,011.89 10,628.50
R1 35,079 10,649
R2 35,183 10,681
Fair Value 31,575 9,586



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Thursday, January 18, 2018

The Sensex Outlook for the Day 19-01-2018

  
My advise of booking some profits above 35150-35200 paid off. The Sensex reversed from 35500 and settled at 35260 - creating a resistance zone at ~35300+.
Inspite of being a Friday, I will stick my neck out and advise to remain long and use any dips to add to your longs, keeping a trailing SL at 35166 (conservative) or at 34910 (aggressive); for a target of ~35800~36100 in the near term.

Date
19-Jan-18
IndexSensexNifty
S235,16610,788
S135,20110,799
Previous Close                                    35,260.29                            10,817.00
R135,31110,833
R235,40910,863
Fair Value27,9718,581



Devansh @ Raghav's Picks
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