Market Data

Showing posts with label stock specific bets. Show all posts
Showing posts with label stock specific bets. Show all posts

Tuesday, March 24, 2020

The Sensex Outlook for the Day 24-03-2020


If the markets manage to recover and sustain the recovery as indicated by the SGX Nifty, then I would stick my neck out and say that yesterday's lows are a near term bottom for the markets and we could see a sustained rally from these levels - Corona or No Corona. However, if the cues from SGX Nifty fizzle out, we are in a trading range that will trend lower and lower in the days to come.

For traders, the smartest thing to do is to focus on individual trades rather than the Nifty.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date24-Mar-20
IndexSensexNifty
S2           25,214             7,386
S1           25,881             7,581
Previous Close      25,981.24        7,610.25
R1           26,588             7,788
R2           26,843             7,863
Fair Value           34,631           10,144
GenerateChart (1).png
GenerateChart.png
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Monday, March 23, 2020

The Sensex Outlook for the Week Starting 23-03-2020

It looks like we are headed for another lower circuit this morning. With the coronavirus & lockdown induced volatility and downtrend, it makes no sense to try to predict index moves. Best to trade individual stocks.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date23-Mar-20
IndexSensexNifty
S2           29,422             8,601
S1           29,809             8,714
Previous Close      29,915.96        8,745.45
R1           30,297             8,857
R2           30,418             8,892
Fair Value           34,372           10,048
GenerateChart (1).png
GenerateChart.png
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Thursday, December 5, 2019

The Sensex Outlook for the Day 05-12-2019

The markets have supports from 40790 to 40850 (12026-12043).
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41041/12102 (cash levels). 
Others can stick to cash or adopt a stock-specific approach.

Index Levels 
Date5-Dec-19
IndexSensexNifty
S2           40,792           12,026
S1           40,816           12,033
Previous Close      40,850.29      12,043.20
R1           40,955           12,074
R2           41,060           12,105
Fair Value           29,731             8,765

GenerateChart (1).png
GenerateChart.png


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Wednesday, December 4, 2019

The Sensex Outlook for the Day 04-12-2019

The markets have a near term support at 40551/11958 (the Sensex made a low of 40554 yesterday). 
Its a matter of time, before this level is broken and we see further weakness.
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41041/12102 (cash levels). 
Others can stick to cash or adopt a stock-specific approach.

Index Levels 
Date4-Dec-19
IndexSensexNifty
S2           40,564           11,961
S1           40,642           11,984
Previous Close      40,675.45      11,994.20
R1           40,705           12,003
R2           40,757           12,018
Fair Value           29,664             8,747

GenerateChart (1).png
GenerateChart.png

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Tuesday, December 3, 2019

The Sensex Outlook for the Day 03-12-2019

The weakness/downtrend should continue further. 
Aggressive traders continue to remain short on the NIFTY with a trailing SL at 41164/12165 (cash levels). Others can stick to cash or adopt a stock-specific approach.
Index Levels 
Date3-Dec-19
IndexSensexNifty
S2           40,751           12,033
S1           40,783           12,042
Previous Close      40,802.17      12,048.20
R1           40,868           12,068
R2           40,909           12,080
Fair Value           29,723             8,777

GenerateChart (1).png
GenerateChart.png

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Sunday, December 1, 2019

The Sensex Outlook for the Week Starting 02-12-2019

We have had the best weekly change in the indices in more than 3 weeks. 
For the last few weeks, the figure for the weekly change in the indices was not reflecting the day to day volatility in the index moves.
Going forward into the last month of the year, with the not-so-great GDP nos just out, it makes more sense than ever to remain short on the markets.

Aggressive traders short the NIFTY with a trailing SL at 41164/12165 (cash levels). Others can stick to cash or adopt a stock-specific approach.
Index Levels 
Date2-Dec-19
IndexSensexNifty
S2           40,700           12,028
S1           40,746           12,042
Previous Close      40,793.81      12,056.05
R1           40,836           12,069
R2           40,867           12,078
Fair Value           29,946             8,850
GenerateChart (1).png
GenerateChart.png
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Friday, November 29, 2019

The Sensex Outlook for the Day 29-11-2019

For the 1st time in many weeks, the markets are set for a strong weekly close, hopefully.
Lighten your positions for the weekend, for Monday is a new week and a new month.
Continuing with a stock-specific long & aggressive short on the Nifty approach. 
Index Levels 
Date29-Nov-19
IndexSensexNifty
S2           41,097           12,141
S1           41,120           12,148
Previous Close      41,130.17      12,151.15
R1           41,153           12,158
R2           41,316           12,206
Fair Value           29,793             8,802

GenerateChart (1).png
GenerateChart.png

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Thursday, November 28, 2019

The Sensex Outlook for the Day 28-11-2019

Continuing with a stock-specific long & aggressive short on the Nifty approach. For the day, short the NIFTY with a stop-loss at 41105/12126.

Index Levels 
Date28-Nov-19
IndexSensexNifty
S2           40,954           12,081
S1           40,982           12,089
Previous Close      41,020.61      12,100.70
R1           41,043           12,107
R2           41,105           12,126
Fair Value           29,588             8,728

GenerateChart (1).png
GenerateChart.png


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