Market Data

Showing posts with label 37493. Show all posts
Showing posts with label 37493. Show all posts

Monday, September 23, 2019

The Sensex Outlook for the Week Starting 23-09-2019



A simple lowering of corporate tax rates when the markets and sentiments were at the lowest ebb triggered the biggest intraday rally of the decade.
Most market participants were caught off-guard and the simplest thing for them was to cover their shorts.

While the markets are saved (for the time being) from the earlier targets of  35636/10659 35400/10500, the levels of 38400/11382 are formidable resistances to surmount for now. Expect some volatile consolidation around the current levels before the market makes the next move. Do not jump into the bull-wagon right away. Monday's move will set the near term trend for the markets.
Index Levels 
Date 23-Sep-19
Index Sensex Nifty
S2            37,493           11,120
S1            37,535           11,132
Previous Close     38,014.62    11,274.20
R1            38,287           11,355
R2            38,378           11,382
Fair Value          29,523            8,756

--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG  

Tuesday, August 20, 2019

The Sensex Outlook for the Day - 20-08-2019


The downtrend will only accelerate in the days to come. The Sensex is trying to consolidate around 37400, for how long it remains to be seen. Can build aggressive short positions at the current levels with a closing SL at 37546/11096.

Index Levels to Watch & Fair Value
Date 20-Aug-19
Index Sensex Nifty
S2            37,321           11,030
S1            37,358           11,041
Previous Close     37,402.49    11,053.90
R1            37,446           11,067
R2            37,493           11,081
Fair Value 29,712 8,781

--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG    

Subscribe via email

Enter your email address:

Delivered by FeedBurner