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
Date	24-Mar-20
Index	Sensex	Nifty
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

--

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

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
Date	23-Mar-20
Index	Sensex	Nifty
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

--

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

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
Date	5-Dec-19
Index	Sensex	Nifty
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

--

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

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
Date	4-Dec-19
Index	Sensex	Nifty
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

--

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

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
Date	3-Dec-19
Index	Sensex	Nifty
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

--

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

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
Date	2-Dec-19
Index	Sensex	Nifty
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

--

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

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
Date	29-Nov-19
Index	Sensex	Nifty
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

--

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

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
Date	28-Nov-19
Index	Sensex	Nifty
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

--

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