The Sensex Outlook for the Day 11-09-2019

The markets bounce off from the day lows but shy from the day high's as well - many see this as a base building for the next leg of the rally.However, things will get far worse before getting better. Do not get carried away with any rise - today or tomorrow.

The recent low of 36102 is waiting to be violated once again, giving way to the short term target of 35468 (10498). 

Index Levels to Watch & Fair Value
Date	11-Sep-19
Index	Sensex	Nifty
S2	36,872	10,922
S1	37,058	10,977
Previous Close	37,145.45	11,003.05
R1	37,332	11,058
R2	37,424	11,086
Fair Value	29,568	8,758

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The Sensex Outlook for the Week Starting 19-08-2019

The markets manage to bounce off the lows of the day, 
but cannot sustain the highs as well. With the mildly positive cues from SGX Nifty and around, 
expect a positive opening. However, do not see a sustained rally/ upmove yet.
Its a matter of time before the supports around 37000-36950 break away.

Index Levels to Watch & Fair Value
Date	19-Aug-19
Index	Sensex	Nifty
S2	37,256	11,020
S1	37,300	11,033
Previous Close	37,350.33	11,047.80
R1	37,399	11,062
R2	37,444	11,076
Fair Value	29,501	8,726

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The Sensex Outlook for the Day - 18-06-2019

The markets did bounce off (marginally) from the supports given yesterday (38911 {38900 given as the support in this column} and 11657 {11660 given as the support in this column}). Going forward, we're not completely out of the woods, use any rise to short the markets afresh. Only with a close above 39125 (11721), will the bears be in a retreating mode. Use these levels as the closing SL for all fresh and existing shorts.

Date	18-Jun-19
Index	Sensex	Nifty
S2	38,911	11,657
S1	38,928	11,662
Previous Close	38,960.79	11,672.15
R1	39,125	11,721
R2	39,245	11,757
Fair Value	29,119	8,724

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The Sensex Outlook for the Day - 02-05-2019

On Tuesday, the markets bounced off the day's lows to close only marginally lower. The technical setup of the market this morning remains the same as it was on Tuesday morning.

Expecting a down opening, however any rise or pull-back can be used to initiate fresh shorts.

The SL for short positions for the day will be at 39157.

Date	02-May-19
Index	Sensex	Nifty
S2	38,943	11,723
S1	38,971	11,731
Previous Close	39,031.55	11,748.15
R1	39,106	11,772
R2	39,157	11,787
Fair Value	27,905	8,400

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