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

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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

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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

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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 3/4^th 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

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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

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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

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

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