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.

Date	22-Apr-20
Index	Sensex	Nifty
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

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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
Date	13-Dec-19
Index	Sensex	Nifty
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

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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
Date	26-Nov-19
Index	Sensex	Nifty
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

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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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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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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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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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