Market Data

Showing posts with label Long Weekend. Show all posts
Showing posts with label Long Weekend. Show all posts

Thursday, April 9, 2020

The Sensex Outlook for the Day 09-04-2020

The markets will consolidate at the current levels before the long weekend. While I continue to remain bullish in the near/short term, avoid carrying trading positions over the weekend.
For the day, the consolidation range for the markets could be 29100-30100(8500-8800).
Investors still have to wait, patiently for maybe until early 2021 before committing long term funds in this market.

Date9-Apr-20
IndexSensexNifty
S2           29,393             8,602
S1           29,603             8,664
Previous Close      29,893.96        8,748.75
R1           29,952             8,766
R2           30,008             8,782
Fair Value           34,604           10,127
GenerateChart (1).png
GenerateChart.png
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Friday, April 3, 2020

The Sensex Outlook for the Day 03-04-2020

Expect the day to favour the bulls. Go long, strictly with an intraday perspective as we head into a long weekend.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Date03-Apr-20
IndexSensexNifty
S2           27,513             8,034
S1           28,073             8,198
Previous Close      28,265.31        8,253.80
R1           28,344             8,277
R2           28,533             8,332
Fair Value           34,359           10,033
GenerateChart (1).png
GenerateChart.png

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Thursday, February 20, 2020

The Sensex Outlook for the Day 20-02-2020

It would be prudent to trade light over the long weekend. 
The markets will consolidate around 41250/12100 for the day and close the week on a negative note.
Book profits on your shorts and wait for Monday.

Index Levels 
Date20-Feb-20
IndexSensexNifty
S2           41,250           12,104
S1           41,273           12,111
Previous Close      41,323.00      12,125.90
R1           41,340           12,131
R2           41,533           12,188
Fair Value           34,153           10,022
  
GenerateChart (1).png
GenerateChart.png
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Friday, October 18, 2019

The Sensex Outlook for the Day 18-10-2019

Expected the markets to correct from yesterday which didn't happen - however, today being a Friday before a long weekend,  time to lighten positions. 
So initiate fresh shorts on the NIFTY & stock-specific longs can wait till Tuesday.

Index Levels 
Date18-Oct-19
IndexSensexNifty
S2           38,802          11,512
S1           38,905          11,543
Previous Close    39,052.06   11,586.35
R1           39,078          11,594
R2           39,105          11,602
Fair Value         29,718           8,817

GenerateChart (1).png
GenerateChart.png

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Friday, August 30, 2019

The Sensex Outlook for the Day 30-08-2019


While the markets are no track for the short term targets of 35900/10600, a brief bounce from the current levels cannot be ruled out. The bears are better off booking some profits before the long weekend. We can always short afresh from Tuesday onwards. Do not look for any bottom fishing opportunities or read too much into the bounce (if any at all).
Index Levels to Watch & Fair Value
Date 30-Aug-19
Index Sensex Nifty
S2            36,545           10,794
S1            36,987           10,924
Previous Close     37,068.93    10,948.30
R1            37,146           10,971
R2            37,180           10,981
Fair Value 29,763 8,791




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Friday, August 9, 2019

The Sensex Outlook for the Day 09-08-2019

Not expecting the markets to sustain yesterday's gains. In anycase, lighten your positions before the long weekend and the truncated trading week ahead.The near term trading range for the Sensex is 37000-37400.
Index Levels to Watch & Fair Value
Date9-Aug-19
IndexSensexNifty
S2           37,226          11,002
S1           37,251          11,010
Previous Close    37,327.36   11,032.45
R1           37,405          11,056
R2           37,753          11,158
Fair Value29,8648,827
GenerateChart (1).png
GenerateChart.png
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Friday, April 26, 2019

The Sensex Outlook for the Day - 26-04-2019

The markets couldn't Wednesday's rise and understandably so - now the trading setup remains firmly in control of the bears. However do not take aggressive positions on either side before the long weekend & the truncated week ahead.

The SL for short positions is 39063 and 38584 for longs.

Date 26-Apr-19
Index Sensex Nifty
S2            38,584           11,597
S1            38,664           11,621
Previous Close     38,730.86    11,641.80
R1            38,749           11,647
R2            38,781           11,656
Fair Value 29,072 8,738

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Thursday, April 18, 2019

The Sensex Outlook for the Day - 18-04-2019

Above 39000, the bulls will have the upper hand in the near term. With a long weekend coming up - it will be interesting to see how the markets play out around the close. Do not carry over long positions over the weekend.


Date 18-Apr-19
Index Sensex Nifty
S2            39,152           11,750
S1            39,226           11,773
Previous Close     39,275.64    11,787.15
R1            39,364           11,814
R2            39,531           11,864
Fair Value 28,704 8,615



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