Market Data

Showing posts with label Gap Up. Show all posts
Showing posts with label Gap Up. Show all posts

Wednesday, April 22, 2020

The Sensex Outlook for the Day - 22-04-2020

Yesterday's market move was kind of picture-perfect. After opening with a Gap-Down, the markets traded in a tight range and closed with a Gap-Down, just near the mid-point of the day. For the day, the markets will continue to trade within the range of yesterday's High-Low and any move outside this range will propel the markets in that direction. The chances of breaking the range on the upside are substantially higher.

Continue to remain long on the NIFTY & add to your longs. 
Conservative traders can keep a closing SL at 30378/8906.
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date22-Apr-20
IndexSensexNifty
S2           30,378             8,906
S1           30,426             8,920
Previous Close      30,636.71        8,981.45
R1           30,741             9,012
R2           30,900             9,059
Fair Value           34,729           10,181
GenerateChart (1).png
GenerateChart.png
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Friday, December 13, 2019

The Sensex Outlook for the Day 13-12-2019

A gap-up opening is a given. However, don't expect the markets to sustain higher levels. Will not be surprised that the markets ultimately close the week nearer to 40450/11930 Short the markets on every rise, keeping in mind your individual risk appetite and MTM capacity.

Index Levels 
Date13-Dec-19
IndexSensexNifty
S2           40,491           11,945
S1           40,522           11,954
Previous Close      40,581.71      11,971.80
R1           40,602           11,978
R2           40,631           11,986
Fair Value           29,596             8,731


GenerateChart (1).png
GenerateChart.png

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Tuesday, November 26, 2019

The Sensex Outlook for the Day 26-11-2019

As much as I'm bearish on the markets or as much as the rally is disconnected from the ground situation, it is now clear that the rally will pause at a new-high for the Nifty only. We should see a gap-up opening to a new-Nifty-high, after which the markets could pause for a breather.

Index Levels 
Date26-Nov-19
IndexSensexNifty
S2           40,738           12,029
S1           40,777           12,040
Previous Close      40,889.23      12,073.75
R1           40,910           12,080
R2           41,166           12,156
Fair Value           29,706             8,772

GenerateChart (1).png
GenerateChart.png

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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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Friday, August 16, 2019

The Sensex Outlook for the Day - 16-08-2019


While the cues from Singapore and beyond point to a positive opening; its difficult for the markets to sustain higher levels. Aggressive traders can short any opening rise as an Intraday as well as a Positional trade. 

Index Levels to Watch & Fair Value
Date 16-Aug-19
Index Sensex Nifty
S2            37,194           10,995
S1            37,274           11,018
Previous Close     37,311.53    11,029.40
R1            37,453           11,071
R2            37,474           11,077
Fair Value 29,694 8,778

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Thursday, July 25, 2019

The Sensex Outlook for the Day 25-07-2019


The targets  of 37886/11285 for this week are in the bag.
The bears will take a breather before striking again. This time for targets of 37297/11107. Dont short any gap-up opening right away. 
Index Levels to Watch & Fair Value
Date 25-Jul-19
Index Sensex Nifty
S2            37,708           11,230
S1            37,833           11,267
Previous Close     37,847.65    11,271.30
R1            37,886           11,283
R2            37,954           11,303
Fair Value 28,941 8,619

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Friday, July 5, 2019

The Sensex Outlook for the Day 05-07-2019



The final trigger for the market top is upon us. No matter what the budget brings, expect the markets to top out for the short term. Expect a positive, even a gap-up opening, followed up by a quick summit to ~~40313-40376-40436 (12068-12087-12106) before correcting shortly thereafter.

Index Levels to Watch & Fair Value
Date 05-Jul-19
Index Sensex Nifty
S2            39,855           11,931
S1            39,885           11,940
Previous Close     39,908.06    11,946.75
R1            39,918           11,950
R2            39,979           11,968
Fair Value 28,699 8,591


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