The Sensex Outlook for the Week Starting 18-11-2019

The near term top for the markets is in place at 40749. I do not foresee a newer high in the balance of this calendar year 2019. Having said that the top is in place, we are in the middle of a consolidation phase for the markets. The markets do bounce off the day lows, every day but also fail to sustain the higher levels as well. Sooner than later, this consolidation phase will give way to a deeper correction.  

Those who are patiently holding their NIFTY short positions will be amply rewarded closer to the November expiry.

Index Levels
Date	18-Nov-19
Index	Sensex	Nifty
S2	40,286	11,874
S1	40,327	11,887
Previous Close	40,356.69	11,895.45
R1	40,438	11,920
R2	40,482	11,932
Fair Value	31,402	9,256

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG   

The Sensex Outlook for the Week Starting - 08-07-2019

Along with the budget, the near term top is now behind us. 

From the current levels to 39982 levels (11950), the markets face a minefield of resistances.  

On the downside, if yesterday's low of 39441 is broken, the fall could accelerate and extend all the way down to 39090,38871 (11790,11619). 

It is prudent to remain short on the indices and look at specific stocks as trading longs.   

Index Levels to Watch & Fair Value
Date	08-Jul-19
Index	Sensex	Nifty
S2	39,441	11,790
S1	39,487	11,803
Previous Close	39,513.39	11,811.15
R1	39,529	11,816
R2	39,597	11,836
Fair Value	28,655	8,565

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at 

http://www.raghavs-picks.com/disclaimer.JPG

The Sensex Outlook for the Day 08-03-2019

We saw that the markets showed signs of tiredness/fatigue towards the end of the trading session.

Expect heightened volatility with a negative bias. Continue to add to your puts/shorts.

Date	08-Mar-19
Index	Sensex	Nifty
S2	36,601	11,021
S1	36,651	11,036
Previous Close	36,725.42	11,058.20
R1	37,003	11,142
R2	37,068	11,162
Fair Value	27,886	8,397

--

By reading this message, you are agreeing to

the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG   

The Sensex Outlook for the Week Starting - 03-09-2018

The markets are clearly showing signs of fatigue - expecting the bulls to hold on to their fort for a day or 2 at the maximum.

Then its correction followed by meltdown, inter-spaced by brief rallies.

Exit longs, finally.

Date	03-Sep-18
Index	Sensex	Nifty
S2	38,562	11,654
S1	38,572	11,657
Previous Close	38,645.07	11,680.50
R1	38,682	11,690
R2	38,739	11,707
Fair Value	32,060	9,689

The Sensex Outlook for the Day - 02-08-2017

The markets are at a near term top. Irrespective of the credit policy, the chances of the markets tanking before EoD are very high, so trade accordingly. Keep a trailing SL at 32467.

Date	2-Aug-17
Index	Sensex		Nifty
S2	32,520		10,098
S1	32,556		10,109
Previous Close	32,575.17		10,114.65
R1	32,632		10,132
R2	32,854		10,201
Fair Value	27,303		8,478

​
​

​

--

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

The Sensex Outlook for the Day - 27-07-2017

The markets are poised at what seems to be the near-term top. We could either rise fast towards 32600/32700 or get into a free-fall from here. 

Keep a trailing SL at 32221 or 32160 depending on your risk appetite. 

Personally, I will continue to initiate aggressive longs for the targets of 32600/32700; keeping a trailing SL at 32160.

Date	27-Jul-17
Index	Sensex		Nifty
S2	32,341		10,008
S1	32,370		10,017
Previous Close	32,382.46		10,020.65
R1	32,414		10,030
R2	32,644		10,101
Fair Value	28,117		8,701

​​

​

--

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

The Sensex Outlook for the day - 21-03-2017

The markets did correct from the near-term tops, thankfully however the SL level of 29450 was not violated. Expect a moderate bounce back from the current levels. Buy on dips upto 29482.

The targets of 29950/9250 (cash levels) before the FnO expiry still stand. However, these targets will be negated with a close below 29450.

Date	21-Mar-17
Index	Sensex		Nifty
S2	29,410		9,093
S1	29,482		9,116
Previous Close	29,518.74		9,126.85
R1	29,567		9,142
R2	29,699		9,183
Fair Value	26,772		8,278

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG