Market Data

Showing posts with label remain short. Show all posts
Showing posts with label remain short. Show all posts

Thursday, October 31, 2019

The Sensex Outlook for the Day 31-10-2019

It looks like we will have a touch and go at a new high today. However, a new high bereft of corresponding fundamentals & solely on the basis of expectations of government announcements is sitting duck for a huge correction thereafter.
I continue to hold shorts/ advise shorts on the NIFTY along with Aggressive Stock Specific Long Positions. Your short positions should be in line with your risk appetite and M2M capacity.

Index Levels 
Date31-Oct-19
IndexSensexNifty
S2           39,805          11,771
S1           40,012          11,832
Previous Close    40,051.87   11,844.10
R1           40,115          11,863
R2           40,283          11,912
Fair Value         30,668           9,069

GenerateChart (1).png
GenerateChart.png


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Wednesday, October 23, 2019

The Sensex Outlook for the Day 23-10-2019

The near term tops of the markets are in place at 39426/11714. We could consolidate a bit around the current levels, attempting to breach the tops. The longer the consolidation phase lasts, the more vicious would be the correction that will follow. On a broader note, continue to remain short on the indices. However, both way intraday opportunities will do present themselves every now and then. And stock-specific opportunities also exist.

Index Levels 
Date23-Oct-19
IndexSensexNifty
S2           38,815          11,544
S1           38,884          11,565
Previous Close    38,963.84   11,588.35
R1           39,075          11,621
R2           39,105          11,630
Fair Value         29,938           8,904

GenerateChart (1).png
GenerateChart.png
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Tuesday, October 22, 2019

The Sensex Outlook for the Day 22-10-2019

The levels of 39400/11700 will be tough to crack, so the next best thing for the markets? Correct from the current levels. The current levels are unsustainable for the markets and a drop to the extent of being called a correction is inevitable. Continue to remain short.

Index Levels 
Date22-Oct-19
IndexSensexNifty
S2           39,044          11,586
S1           39,216          11,637
Previous Close    39,298.38   11,661.85
R1           39,330          11,671
R2           39,345          11,676
Fair Value         29,732           8,823

GenerateChart (1).png
GenerateChart.png
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Thursday, October 17, 2019

The Sensex Outlook for the Day 17-10-2019

The Index shorts pay-off handsomely, starting from today. Continue to remain short on the NIFTY and Long on Individual Stocks and NIFTY Puts. 
Index Levels 
Date17-Oct-19
IndexSensexNifty
S2           38,440          11,417
S1           38,568          11,455
Previous Close    38,598.99   11,464.00
R1           38,605          11,466
R2           38,636          11,475
Fair Value         29,918           8,886

GenerateChart (1).png
GenerateChart.png
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Tuesday, September 3, 2019

The Sensex Outlook for the Day 03-09-2019


The cues this morning point towards a flat/tepid start to the markets.The markets face tremendous resistance around 37398 (11040), remember a few days ago, the Sensex was trying to consolidate around 37400.Its difficult to see the markets crossing this zone anytime soon.On the other hand,the region around 37285 (11009) is an important support - a close below will only accelerate the fall. 

Index Levels to Watch & Fair Value
Date 3-Sep-19
Index Sensex Nifty
S2            37,245           10,997
S1            37,285           11,009
Previous Close     37,332.79    11,023.25
R1            37,374           11,035
R2            37,398           11,043
Fair Value 29,565 8,730


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Thursday, August 29, 2019

The Sensex Outlook for the Day 29-08-2019

There is no change in the market outlook - both near term as well as short term.Continue to remain short / negative on the markets for the short term. In the near term, expecting extreme volatility with a negative bias. Any rise can be used to initiate shorts.
Index Levels to Watch & Fair Value
Date29-Aug-19
IndexSensexNifty
S2           37,322          11,008
S1           37,409          11,033
Previous Close    37,451.84   11,046.10
R1           37,515          11,065
R2           37,544          11,073
Fair Value29,6808,754

GenerateChart.pngGenerateChart (1).png


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Wednesday, August 28, 2019

The Sensex Outlook for the Day 28-08-2019



Continue to remain short / negative on the markets for the short term. In the near term, expecting extreme volatility with a negative bias. Any rise can be used to initiate shorts.
Index Levels to Watch & Fair Value
Date 28-Aug-19
Index Sensex Nifty
S2            37,592           11,091
S1            37,607           11,095
Previous Close     37,641.27    11,105.35
R1            37,732           11,132
R2            37,808           11,154
Fair Value 29,648 8,747


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