Market Data

Showing posts with label further upside. Show all posts
Showing posts with label further upside. Show all posts

Tuesday, March 12, 2019

The Sensex Outlook for the Date 12-03-2019

As much as the fundamentals of this rally are circumspect, yesterday's momentum could see the markets make a go towards 37351 (11258) before the bears manage to wrest back the control of the markets.

Only aggressive traders can initiate small longs for a target of ~37350 keeping a strict SL at 36900.

Date 12-Mar-19
Index Sensex Nifty
S2          36,927         11,129
S1          36,962         11,140
Previous Close   37,054.10   11,168.05
R1          37,106         11,183
R2          37,351         11,257
Fair Value 28,086 8,465

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Tuesday, December 18, 2018

The Sensex Outlook for the Day - 18-12-2018

Inspite of the not-so-great global cues, I expect the markets to build on yesterday's gains and move up. Any pause/dip, upto  36123/10844 can be used to add to your longs.The uptrend will gain further momentum above 36300/10900.

Date18-Dec-18
IndexSensexNifty
S236,16810,858
S136,23510,878
Previous Close  36,270.0710,888.35
R136,29310,896
R236,31210,901
Fair Value31,4839,452

GenerateChart (1).pngGenerateChart.png

Tuesday, July 10, 2018

The Sensex Outlook for the Day 10-07-2018


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​Having consistently taken out resistances and moved ahead, the markets still have a little upside left in them - possibly till ~36200.

Having said that, the underlying outlook still remains EXTREMELY CAUTIOUS ​or 
VERY BEARISH.​We continue to hold and add to,  Out-of-Money Nifty Puts ​ and will also short the NIFTY during the day.

Date 10-Jul-18
Index Sensex Nifty
S2 35,842 10,825
S1 35,897 10,842
Previous Close                               35,934.72 10,852.90
R1 35,956 10,860
R2 36,133 10,913
Fair Value 32,153 9,711

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Thursday, June 21, 2018

The Sensex Outlook for the Day - 21-06-2018


The near term outlook remains optimistic / bullish. Any opening dips should be used to initiate fresh longs. The near term target for the Sensex is ~35904 and the SL for all fresh & existing long positions is 35366.  


Date 21-Jun-18
Index Sensex Nifty
S2 35,483 10,752
S1 35,521 10,764
Previous Close                               35,547.33 10,772.05
R1 35,571 10,779
R2 35,615 10,792
Fair Value 32,107 9,729

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Friday, March 9, 2018

The Sensex Outlook for the Day - 09-03-2018

  

The markets could rise further today! Don't let the rally fool you - we are not out of the woods yet.
Play the intraday rally, but don't carry over fresh longs over the weekend.
A new week could possibly set the new range for the markets, which is not going up in a hurry.

Date
9-Mar-18
IndexSensexNifty
S233,24510,210
S133,27610,220
Previous Close                      33,351.57                10,242.65
R133,49910,288
R233,61010,322
Fair Value29,7309,130
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Thursday, February 22, 2018

The Sensex Outlook for the Day 22-02-2018

Expecting the Sensex to build on yesterday's brief last hour rally. Difficult to see the Sensex above 34000 today, but a distinct possibility.
Any opening dips, buy aggressively with a SL at 33638 for a intraday bounceback/rally.

The overall SL lies at 33500.

Date22-Feb-18
IndexSensexNifty
S233,79810,383
S133,82010,390
Previous Close                      33,844.86                10,397.45
R133,92610,422
R233,99810,445
Fair Value29,6879,120







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