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
Date	31-Oct-19
Index	Sensex	Nifty
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

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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
Date	23-Oct-19
Index	Sensex	Nifty
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

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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
Date	22-Oct-19
Index	Sensex	Nifty
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

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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
Date	17-Oct-19
Index	Sensex	Nifty
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

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ReplyForward

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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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
Date	29-Aug-19
Index	Sensex	Nifty
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 Value	29,680	8,754

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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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