Market Data

Showing posts with label positive undertone. Show all posts
Showing posts with label positive undertone. Show all posts

Monday, June 4, 2018

The Sensex Outlook for the Week Starting 04-06-2018

While the undertone seems to be positive; the Sensex needs to cross convincingly the previous day high of 35438, for the positive undertone to convert into a rally. 
In the worst case scenario, the Sensex will probably consolidate between 35090 and 35400. 
The trading strategy again shifts to ignore/avoid the Indices and stick to individual stocks.
The overall SL level stands at 34994, below which the undertone will turn negative.

Date4-Jun-18
IndexSensexNifty
S235,15210,675
S135,17710,682
Previous Close35,227.2610,696.20
R135,25910,707
R235,28110,714
Fair Value31,2229,481


























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

Tuesday, May 29, 2018

The Sensex Outlook for the Day 29-05-2018

  

While the overall underlying trend remains positive - some profit-booking led correction cannot be ruled out from the current levels before the markets tread higher.
The region around 34918 is a strong support zone for the markets.Any dip till 35000 is a good opportunity to buy. The SL for all current and fresh long positions should be at 34918.

Date29-May-18
IndexSensexNifty
S235,08710,665
S135,13810,680
Previous Close35,165.48 10,688.65
R135,24110,712
R235,38410,755
Fair Value31,2869,509



-- 




































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

Tuesday, May 8, 2018

The Sensex Outlook for the Day - 08-05-2018

As long as the Sensex manages to hold on to 35110, the underlying trend remains positive - however I dont expect a runaway rally yet.The Sensex will probably consolidate around 35200-35300, before making the next 1% move.

Date 8-May-18
Index Sensex Nifty
S2 35,113 10,686
S1 35,149 10,696
Previous Close                       35,208.14 10,686.54
R1 35,241 10,725
R2 35,413 10,777
Fair Value 30,887 9,400



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




Wednesday, March 21, 2018

The Sensex Outlook for the Day - 21-03-2018


Expecting the Sensex to trade sideways with a positive bias - the extreme near term trading range is 32900-33100. A positive close coupled with a respect for yesterday's lows would imply small green shoots of recovery.

Date
21-Mar-18
IndexSensexNifty
S232,92910,104
S132,97010,117
Previous Close                      32,996.76 10,124.35
R133,03210,136
R233,06710,146
Fair Value29,8719,166




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




Thursday, July 28, 2016

The Sensex Outlook for the Day - 29-07-2016


The Sensex will continue to consolidate between 28000 and 28200; book some profits for the weekend and trade afresh next week. The underlying trend will turn negative only with a close below 27900.       

Date
29-Jul-16
S2
28,065
S1
28,171
Sensex Previous Close
                                    28,208.62
R1
28,240
R2
28,326
Sensex Fair Value
27,888






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

Sent from Mail for Windows 10


Wednesday, June 15, 2016

The Sensex Outlook for the Day - 16-06-2016

As long as the Sensex manages to stay above 26500, the underlying trend as well as the near term outlook remains positive.
Buy on all dips till 26500 for a near term target of 26900. Will relook at the underlying trend only above 26900 or below 26500.

Date
16-Jun-16
S2
26,569
S1
26,642
Sensex Previous Close
                                    26,726.34
R1
26,753
R2
26,882
Sensex Fair Value
27,855

 

Friday, January 16, 2015

The Sensex Outlook for the day - 16-01-2015


The  Sensex Outlook for the day -
Yesterday's surprise rate cut action, has altered the market dynamics.While the undertone has turned positive,a fresh call can be taken only after the Sensex stabilizes between 27900-28200.
 
Date 16-Jan-15
S2 27,793
S1 27,991
Sensex Previous Close                  28,075.55
R1 28,195
R2 28,385
Medium Term Fair Value (6-12 months) 29,881
Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

Subscribe via email

Enter your email address:

Delivered by FeedBurner