Market Data

Showing posts with label intraday high. Show all posts
Showing posts with label intraday high. Show all posts

Wednesday, September 11, 2019

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
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 Value29,5688,758

GenerateChart (1).png
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Tuesday, September 21, 2010

Sensex outlook for 21-09-2010

There are 3 possible scenarios unfolding now -
1.We could just touch 20000 in intraday trade and get into a correction/consolidation mode,
2.We could get into a correction/consolidation mode without touch 20000 and lastly,
3.We could cross 20000 and head higher effortlessly, giving no regard to the significance of the level just crossed.
All the 3 scenarios are a distinct possibility with equal probability, so just keep a trailing stop loss at 19735 and watch the fireworks unfold - on the way up or way down.

Friday, April 23, 2010

Sensex Outlook for 23-04-2010

The short term target of 17741 given on 20-04-2010 was overshot in intraday trade yesterday, infact the Sensex made an intraday high of 17778.
While the short term outlook continues to remain bullish, I expect the Sensex to consolidate in the 17500-17650 range for a day or two.Book some profits made during the week and lighten positions for the weekend.
The short term bullish outlook will be negated with a close below 17416.

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