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
Date	30-Mar-20
Index	Sensex	Nifty
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

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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
Date	16-Mar-20
Index	Sensex	Nifty
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

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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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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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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

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 - 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

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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