Market Data

Showing posts with label negative global cues. Show all posts
Showing posts with label negative global cues. Show all posts

Monday, March 30, 2020

The Sensex Outlook for the Week Starting 30-03-2020

Aggressive traders can buy into the expected gap-down opening. The region between 29000-29350 (8425-8525) is a good zone to add aggressive longs. 
Only with a close below 29000/8425 will the short term trend turn bearish from bullish.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date30-Mar-20
IndexSensexNifty
S2           29,347             8,524
S1           29,433             8,549
Previous Close      29,815.59        8,660.25
R1           29,859             8,673
R2           30,005             8,715
Fair Value           34,252             9,949
GenerateChart.png
GenerateChart (1).png

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Monday, March 16, 2020

The Sensex Outlook for the Week Starting 16-03-2020

The markets showed some signs of stabilizing on Friday and a near term bottom seems to be in place. 
While the cues from SGX Nifty point to a lower opening this morning, aggressive traders can remain long/go long with a trailing SL at 32079/9364.
Upsides, for now, seems to be capped at ~34553/10086.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.

Index Levels 
Date16-Mar-20
IndexSensexNifty
S2           32,754             9,561
S1           33,662             9,826
Previous Close      34,103.48        9,955.20
R1           34,193             9,981
R2           34,553           10,087
Fair Value           34,218             9,989
GenerateChart (1).png
GenerateChart.png
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Tuesday, August 6, 2019

The Sensex Outlook for the Day 06-08-2019



With key supports broken during trade yesterday, the markets have more downside pain left. And the global cues this morning are no better. We could see 36100/10700 before finally stabilizing. Avoid fishing in these waters.

Index Levels to Watch & Fair Value
Date 6-Aug-19
Index Sensex Nifty
S2            36,573           10,825
S1            36,654           10,849
Previous Close     36,699.84    10,862.60
R1            36,839           10,904
R2            36,945           10,935
Fair Value 30,196 8,938

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Thursday, June 6, 2019

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



As the global cues suggest, the markets will open down and should remain down for the better part of the day. However book profits and close your shorts before the policy event
Date 06-Jun-19
Index Sensex Nifty
S2            40,022           12,003
S1            40,031           12,006
Previous Close     40,083.54    12,021.65
R1            40,142           12,039
R2            40,248           12,071
Fair Value 28,894 8,666




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Thursday, December 20, 2018

The Sensex Outlook for the Day - 20-12-2018


The bears will finally catch up with  markets. Do not buy into the dip/crash for now. Can initiate fresh shorts on the gap-down.

Date 20-Dec-18
Index Sensex Nifty
S2 36,439 10,952
S1 36,474 10,963
Previous Close   36,484.33 10,967.30
R1 36,555 10,987
R2 36,728 11,039
Fair Value 31,044 9,331




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, November 20, 2018

The Sensex Outlook for the Day - 20-11-2018


The bears have a lot of catching up to do and going by the Global Cues this morning, it seems that they will catch up with the markets real soon.
Those who are holding on to the shorts from yesterday or Friday, can book part profits and wait for further downside in this truncated trading week.
Date 20-Nov-18
Index Sensex Nifty
S2 35,669 10,731
S1 35,702 10,741
Previous Close   35,774.88 10,763.40
R1 35,819 10,776
R2 36,286 10,916
Fair Value 31,345 9,430



Thursday, October 25, 2018

The Sensex Outlook for the Day - 25-10-2018


Given the global cues including the very own SGX Nifty, its a clear down day. 
Continue to remain short for sub-33500/sub-10000 levels.
The outlook will turn positive only after the Sensex manages to close above and sustain 35409.

Date 25-Oct-18
Index Sensex Nifty
S2 33,851 10,169
S1 34,005 10,215
Previous Close   34,033.96 10,224.75
R1 34,083 10,238
R2 34,222 10,280
Fair Value 32,088 9,639




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