Market Data

Showing posts with label 36996. Show all posts
Showing posts with label 36996. Show all posts

Thursday, September 19, 2019

The Sensex Outlook for the Day 19-09-2019


Its a matter of time before 36400 and 10790 are decisively broken.
The markets will have to cross & sustain 36996 (10970) before the outlook changes from downright negative to neutral. Keep these levels as a closing SL and remain short on the markets. 
Index Levels 
Date 19-Sep-19
Index Sensex Nifty
S2            36,466           10,812
S1            36,536           10,832
Previous Close     36,563.88    10,840.65
R1            36,581           10,846
R2            36,638           10,863
Fair Value          29,415            8,721



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Wednesday, September 18, 2019

The Sensex Outlook for the Day 18-09-2019


The readers of this column will not surprised  or perturbed by the market crash. We have been consistently bearish on the markets and continue to remain so. Any bounce back today should be used to initiate fresh aggressive shorts.The markets are currently placed nearer to their immediate supports and its a matter of time before 36400 and 10790 are decisively broken.
The markets will have to cross & sustain 36996 (10970) before the outlook changes from downright negative to neutral. Keep these levels as a closing SL and remain short on the markets. 
Index Levels 
Date 18-Sep-19
Index Sensex Nifty
S2            36,182           10,729
S1            36,410           10,796
Previous Close     36,481.09    10,817.60
R1            36,690           10,880
R2            36,816           10,917
Fair Value          29,927            8,874



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Thursday, July 11, 2019

The Sensex Outlook for the Day - 11-07-2019



Any rise or bounce can be used for shorting - intraday or positional.
The next targets for the markets are 38075 & 36996 (11355 & 11033). This is not the time for value-hunting or bottom-fishing even though trading long opportunities present themselves every now and then.

Index Levels to Watch & Fair Value
Date 11-Jul-19
Index Sensex Nifty
S2            38,436           11,463
S1            38,505           11,483
Previous Close     38,557.04    11,498.90
R1            38,615           11,516
R2            38,669           11,532
Fair Value 28,749 8,574

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