Market Data

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

Monday, August 19, 2019

The Sensex Outlook for the Week Starting 19-08-2019


The markets manage to bounce off the lows of the day, 
but cannot sustain the highs as well. With the mildly positive cues from SGX Nifty and around, 
expect a positive opening. However, do not see a sustained rally/ upmove yet.
Its a matter of time before the supports around 37000-36950 break away.

Index Levels to Watch & Fair Value
Date 19-Aug-19
Index Sensex Nifty
S2            37,256           11,020
S1            37,300           11,033
Previous Close     37,350.33    11,047.80
R1            37,399           11,062
R2            37,444           11,076
Fair Value 29,501 8,726

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Friday, August 16, 2019

The Sensex Outlook for the Day - 16-08-2019


While the cues from Singapore and beyond point to a positive opening; its difficult for the markets to sustain higher levels. Aggressive traders can short any opening rise as an Intraday as well as a Positional trade. 

Index Levels to Watch & Fair Value
Date 16-Aug-19
Index Sensex Nifty
S2            37,194           10,995
S1            37,274           11,018
Previous Close     37,311.53    11,029.40
R1            37,453           11,071
R2            37,474           11,077
Fair Value 29,694 8,778

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Wednesday, June 19, 2019

The Sensex Outlook for the Day - 19-06-2019


Looking at the global cues, a positive opening cannot be ruled out. However the region between 39153-39300 (11723-11767) will give enough shorting opportunities for aggressive traders. Opening positive is one thing and staying / closing positive is another. Only a close above 39391 (11795) will turn the tide in favour of the bulls. Keep a closiing SL at 39391 for all short positions.


Date 19-Jun-19
Index Sensex Nifty
S2            38,905           11,649
S1            39,018           11,683
Previous Close     39,046.34    11,691.50
R1            39,153           11,723
R2            39,300           11,767
Fair Value 29,058 8,701

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Tuesday, April 23, 2019

The Sensex Outlook for the Day - 23-04-2019

Do not get carried away with the early morning surge in SGX Nifty - below 38903, the near term outlook remains decisively weak. Use any gap-up opening to initiate fresh shorts with a  SL at 39158 (yesterday's high)

Date23-Apr-19
IndexSensexNifty
S2           38,460          11,539
S1           38,586          11,577
Previous Close    38,645.18   11,594.45
R1           38,660          11,599
R2           38,674          11,603
Fair Value28,7438,624

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Friday, December 7, 2018

The Sensex Outlook for the Day - 07-12-2018


All the global as well as domestic and technical cues point to a bounce back. A close above 35606/10693 will strengthen the market setup for further gains next week.
Exit your shorts today, no matter what. Aggressive traders can carry forward longs into the next week.
Date 07-Dec-18
Index Sensex Nifty
S2 34,988 10,504
S1 35,150 10,552
Previous Close   35,312.13 10,601.15
R1 35,429 10,636
R2 35,591 10,685
Fair Value 31,742 9,529



Monday, December 3, 2018

The Sensex Outlook for the Week Starting 03-12-2018


The global cues point to a gap-up! Go with the flow for now. 
Managing a close above 36336/10918 looks difficult for now.
Keep a SL at 36027/10826 for all long positions.

Date 03-Dec-18
Index Sensex Nifty
S2 36,083 10,842
S1 36,155 10,864
Previous Close   36,194.30 10,876.75
R1 36,222 10,884
R2 36,336 10,918
Fair Value 31,252 9,391


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