Market Data

Showing posts with label 36102. Show all posts
Showing posts with label 36102. Show all posts

Friday, September 13, 2019

The Sensex Outlook for the Day 13-09-2019


We saw yesterday that positive global cues at the opening time have no bearing on the closing of our markets. Primarily, because our markets cannot sustain higher levels. Till 37488, the trend remains firmly downwards. Only with a sustained close above 37488 (11098) will the market outlook change to neutral from the current bearish. Till then, remain short for a near/short term target of 36102 (10680). 
Index Levels to Watch & Fair Value
Date 13-Sep-19
Index Sensex Nifty
S2            36,982           10,947
S1            37,029           10,961
Previous Close     37,104.28    10,982.80
R1            37,126           10,989
R2            37,160           10,999
Fair Value 29,380 8,696


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Thursday, September 12, 2019

The Sensex Outlook for the Day 12-09-2019


Yesterday was a day of quiet consolidation for the markets.The Sensex even closed almost exactly at the mid-point between the day's high & low.The next hurdle for the Sensex is 37482. Only with a sustained close above 37482 (11098) will the market outlook change to neutral from the current bearish. Till then, remain short for a near/short term target of 36102 (10680).
Index Levels to Watch & Fair Value
Date 12-Sep-19
Index Sensex Nifty
S2            37,200           11,015
S1            37,229           11,023
Previous Close     37,270.82    11,035.70
R1            37,343           11,057
R2            37,482           11,098
Fair Value 29,578 8,758

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Wednesday, September 11, 2019

The Sensex Outlook for the Day 11-09-2019

The markets bounce off from the day lows but shy from the day high's as well - many see this as a base building for the next leg of the rally.However, things will get far worse before getting better. Do not get carried away with any rise - today or tomorrow.
The recent low of 36102 is waiting to be violated once again, giving way to the short term target of 35468 (10498). 
Index Levels to Watch & Fair Value
Date11-Sep-19
IndexSensexNifty
S2           36,872          10,922
S1           37,058          10,977
Previous Close    37,145.45   11,003.05
R1           37,332          11,058
R2           37,424          11,086
Fair Value29,5688,758

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Monday, September 9, 2019

The Sensex Outlook for the Week Starting 09-09-2019

The markets face tremendous resistance between the current levels and 37200 (~11000). It remains to be seen if these resistances can be taken out anytime soon.
On the downside, the recent low of 36102 is waiting to be violated once again, giving way to the short term target of 35468 (10498). 
Index Levels to Watch & Fair Value
Date9-Sep-19
IndexSensexNifty
S2           36,896          10,921
S1           36,907          10,924
Previous Close    36,981.77   10,946.20
R1           37,013          10,955
R2           37,098          10,981
Fair Value29,4938,730

GenerateChart.png
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Wednesday, September 4, 2019

The Sensex Outlook for the Day 04-09-2019


The market action has vindicated the bearish outlook given in the column over the last few weeks, however the pain is not over yet.It is a matter of time before the Sensex breaks the recent low of 36102.However the next targets for the markets are ~35900 (10600) and 35456 (10470). Any rise can be used to initiate aggressive shorts. Do not try to find value at these levels or do bottom-fishing.

Index Levels to Watch & Fair Value
Date 4-Sep-19
Index Sensex Nifty
S2            36,284           10,716
S1            36,466           10,769
Previous Close     36,562.91    10,797.90
R1            36,739           10,850
R2            36,761           10,856
Fair Value 29,796 8,799

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Sunday, August 25, 2019

The Sensex Outlook for the Week Starting 26-08-2019


Inspite of the positive announcements by the FM post market on Friday, the short term trend remains down.We will see a gap-up and also possibly a small rally, but do not see any rally sustaining above 37100/10947. Initiate opening longs with a strict SL at 36102 (Friday's Low) / 10650.

Index Levels to Watch & Fair Value
Date
26-Aug-19
Index
Sensex
Nifty
S2
           36,537
          10,781
S1
           36,625
          10,807
Previous Close
    36,701.16
   10,829.35
R1
           36,745
          10,842
R2
           36,891
          10,885
Fair Value
29,774
8,785



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