Market Data

Showing posts with label bounce back. Show all posts
Showing posts with label bounce back. Show all posts

Tuesday, July 23, 2019

The Sensex Outlook for the Day 23-07-2019


Expect a brief bounce-back today.The markets are over-sold in the extreme near-term. Do not short the rally immediately.
The closing targets of 37886/11285 this week still stand. 
Index Levels to Watch & Fair Value
Date 22-Jul-19
Index Sensex Nifty
S2            38,128           11,357
S1            38,271           11,400
Previous Close     38,337.01    11,419.25
R1            38,524           11,475
R2            38,556           11,484
Fair Value 28,709 8,551



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Monday, May 13, 2019

The Sensex Outlook for the Week Starting 13-05-2019


Expecting one bounce, however feeble and short-lived before the markets resume their downward spiral. The near term targets for the markets is below 37000 ( ssub 11200).

Index Levels to Watch & Fair Value
Date 13-May-19
Index Sensex Nifty
S2            37,167           11,197
S1            37,315           11,238
Previous Close     37,462.99    11,278.90
R1            37,667           11,333
R2            37,870           11,387
Fair Value 27,283 8,213

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Friday, February 15, 2019

The Sensex Outlook for the Day - 15-02-2019


We would have probably seen a small bounce/rally after the days of continuous falling, but for the unfortunate terror attacks and the heightened geo-political tensions, expect the markets to remain weak only. However, as smart traders, we are better-off in trading light/ offloading positions and waiting for Monday to take fresh positions (short positions).

Date 15-Feb-19
Index Sensex Nifty
S2          35,610         10,666
S1          35,799         10,723
Previous Close   35,876.22   10,746.05
R1          35,929         10,762
R2          35,959         10,771
Fair Value 32,508 9,736





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Friday, December 7, 2018

The Sensex Outlook for the Day - 07-12-2018


All the global as well as domestic and technical cues point to a bounce back. A close above 35606/10693 will strengthen the market setup for further gains next week.
Exit your shorts today, no matter what. Aggressive traders can carry forward longs into the next week.
Date 07-Dec-18
Index Sensex Nifty
S2 34,988 10,504
S1 35,150 10,552
Previous Close   35,312.13 10,601.15
R1 35,429 10,636
R2 35,591 10,685
Fair Value 31,742 9,529



Tuesday, July 3, 2018

The Sensex Outlook for the Day - 03-07-2018

​Any gap-up opening​ / bounce can be safely sold into.The near term trend is not going to change to positive in a hurry - so continue to remain short on the markets.
​​


Date 03-Jul-18
Index Sensex Nifty
S2 35,179 10,631
S1 35,242 10,650
Previous Close                               35,264.41 10,657.30
R1 35,287 10,664
R2 35,316 10,673
Fair Value 32,424 9,799



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Friday, December 1, 2017

The Sensex Outlook for the Day - 01-12-2017


Even though we broke the SL levels of 33557 & 33397 with a wide-margin yesterday, a bounce back cannot be ruled out.
However the Sensex needs to close above 33300, before we can fully recover from the body blow of yesterday's crash.
Any recovery less than 33300 would be a weak one and could be sold into, at the fag end of the trading session.

Date1-Dec-17
IndexSensexNifty
S232,72610,096
S133,10910,214
Previous Close33,149.35 10,226.55
R133,27810,266
R233,30010,273
Fair Value27,8938,605



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