Market Data

Showing posts with label supports broken. Show all posts
Showing posts with label supports broken. Show all posts

Tuesday, August 6, 2019

The Sensex Outlook for the Day 06-08-2019



With key supports broken during trade yesterday, the markets have more downside pain left. And the global cues this morning are no better. We could see 36100/10700 before finally stabilizing. Avoid fishing in these waters.

Index Levels to Watch & Fair Value
Date 6-Aug-19
Index Sensex Nifty
S2            36,573           10,825
S1            36,654           10,849
Previous Close     36,699.84    10,862.60
R1            36,839           10,904
R2            36,945           10,935
Fair Value 30,196 8,938

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


Sunday, June 30, 2019

The Sensex Outlook for the Week Starting - 01-07-2019


The markets have broken multiple support levels to land where there are currently poised.The region from the current levels to 39675-39722 (11873-11887) is fraught with resistances. It will taken an Herculean effort by the bulls to cross the 39675-39722 (11873-11887) zone anytime soon.
Its best to remain short on the markets while looking for stock specific opportunities in the Top-100 Universe.

As regards to the Union Budget on Friday,  expect the same to consolidate on the proposals of the interim budget presented earlier in the year. It will be sane to not have any expectations from the Budget or expect a Pre-Budget Rally in the markets.

Index Levels to Watch & Fair Value
Date 01-Jul-19
Index Sensex Nifty
S2            39,006           11,673
S1            39,343           11,773
Previous Close     39,394.64    11,788.85
R1            39,426           11,798
R2            39,459           11,808
Fair Value 28,722 8,595



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





Wednesday, June 28, 2017

The Sensex Outlook for the day - 28-06-2017


With key supports broken, the markets will take time to stabilize. Aggressive traders can initiate staggered longs at these longs and on further  dips (upto 1% further down from current  levels).
Date
28-Jun-17
Index
Sensex
Nifty
S2
30,720
9,438
S1
30,847
9,477
Previous Close
30,958.25
 9,511.40
R1
31,014
9,529
R2
31,033
9,534
Fair Value
27,911
8,575


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













Sunday, April 16, 2017

The Sensex Outlook for the Week Starting 16-04-2017

Last week I had clearly mentioned that, "29500 is the border between a positive near term outlook and a negative near term outlook." After holding on to 29500 for almost 3/4th of the trading week, the level finally gave away on Thursday. Going forward, while the downside looks limited, there is a lot of resistance on the upside. The markets will struggle to sustain above 29500 once again.
The consolidation has given away to price correction and price correction will give away to time correction.
Don't be in a hurry to rebuild longs immediately.
Date
17-Apr-17
S2
29,340

9,113
S1
29,442

9,145
Previous Close
                                    29,461.45

              9,150.80
R1
29,521

9,169
R2
29,660

9,213
Fair Value
26,633

8,272


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





Tuesday, December 20, 2016

The Sensex Outlook for the Day - 20-12-2016



With 26400 broken and now posing as a strong resistance, it’s a wait and watch on the markets for now. Trade cautiously and at the same time, don’t hurry to lighten the existing longs. The tide could turn once again. If the markets were to retest the recent lows, they will give sufficient warnings and chances to exit longs – so don’t exit longs in a hurry now.

Date
20-Dec-16
S2
26,264
S1
26,340
Sensex Previous Close
                                    26,374.70
R1
26,401
R2
26,456
Sensex Fair Value
26,134




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



Tuesday, January 5, 2016

The Sensex Outlook for the Day - 05-01-2016

This is not the first time we have seen a rally punctured by a crash; a crash triggered by global concerns.
While key supports and stop loss levels have been broken, expect the Sensex to regain its tempo soon and resume its upward march.
Aggressive traders can initiate longs at the current levels with a view on a bounce back soon, keeping a stop loss below 25419.

Date
05-Jan-16
S2
25,419
S1
25,597
Sensex Previous Close
                                    25,623.35
R1
25,779
R2
25,849
Sensex Fair Value
27,305


Friday, December 4, 2015

The Sensex Outlook for the Day - 04-12-2015

The markets are looking further weak, and should stabilize only around 25700.With key supports broken and stop-losses triggered, no question of adding longs for now.

Date
04-Dec-15
S2
25,755
S1
25,857
Sensex Previous Close
                                    25,886.62
R1
25,956
R2
26,007
Sensex Fair Value
26,030


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

Subscribe via email

Enter your email address:

Delivered by FeedBurner