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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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.

Date	18-Dec-18
Index	Sensex	Nifty
S2	36,168	10,858
S1	36,235	10,878
Previous Close	36,270.07	10,888.35
R1	36,293	10,896
R2	36,312	10,901
Fair Value	31,483	9,452

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.

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

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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.  

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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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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
Index	Sensex	Nifty
S2	33,245	10,210
S1	33,276	10,220
Previous Close	33,351.57	10,242.65
R1	33,499	10,288
R2	33,610	10,322
Fair Value	29,730	9,130

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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.

Date	22-Feb-18
Index	Sensex	Nifty
S2	33,798	10,383
S1	33,820	10,390
Previous Close	33,844.86	10,397.45
R1	33,926	10,422
R2	33,998	10,445
Fair Value	29,687	9,120

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