Market Data

Showing posts with label truncated trading week. Show all posts
Showing posts with label truncated trading week. Show all posts

Monday, October 7, 2019

The Sensex Outlook for the Week Starting 07-10-2019

The markets are perched precariously at support levels. Even though we remain in a firm downtrend, a small bounce from the current levels cannot be ruled out. Like a few days ago, have brought NIFTY Calls the previous day as a BTST trade. 
Overall, the truncated trading week should see ranged consolidation in the 37600-37900 (11150-11250) band before breaking 37600 (11150).
Index Levels 
Date7-Oct-19
IndexSensexNifty
S2           37,661          11,171
S1           37,663          11,172
Previous Close    37,673.31   11,174.75
R1           37,708          11,185
R2           37,807          11,214
Fair Value         29,657           8,797 
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Cauvery Calling is a first of its kind campaign, setting the standard for how India’s rivers – the country’s lifelines – can be revitalized. It will initiate the revitalization of the Cauvery river and transform the lives of 84 million people. 


Monday, September 30, 2019

The Sensex Outlook for the Week Starting 30-09-2019

The markets face headwinds at 38900/11530 and on the downside,supports dont really come into play till 38500/11400. The best case scenario for the markets is volatile consolidation around the current levels. Whether the rally from the lows of 35987 extends further or meets its maker at 38900 should be clear by tomorrow. 
Index Levels 
Date30-Sep-19
IndexSensexNifty
S2           38,657          11,463
S1           38,802          11,506
Previous Close    38,822.57   11,512.40
R1           38,876          11,528
R2           38,904          11,537
Fair Value         29,637           8,789
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Cauvery Calling is a first of its kind campaign, setting the standard for how India’s rivers – the country’s lifelines – can be revitalized. It will initiate the revitalization of the Cauvery river and transform the lives of 84 million people. 


Wednesday, August 14, 2019

The Sensex Outlook for the Day - 14-08-2019


While the near term target remains at ~36000 for the Sensex, be wary of shorting the markets today. We could possibly see a small relief rally. Best to wait till next week for fresh aggressive shorts. 

Index Levels to Watch & Fair Value
Date 14-Aug-19
Index Sensex Nifty
S2            36,537           10,801
S1            36,888           10,905
Previous Close     36,958.16    10,925.85
R1            36,983           10,933
R2            37,095           10,966
Fair Value 29,789 8,806





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Friday, August 9, 2019

The Sensex Outlook for the Day 09-08-2019

Not expecting the markets to sustain yesterday's gains. In anycase, lighten your positions before the long weekend and the truncated trading week ahead.The near term trading range for the Sensex is 37000-37400.
Index Levels to Watch & Fair Value
Date9-Aug-19
IndexSensexNifty
S2           37,226          11,002
S1           37,251          11,010
Previous Close    37,327.36   11,032.45
R1           37,405          11,056
R2           37,753          11,158
Fair Value29,8648,827
GenerateChart (1).png
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Friday, May 3, 2019

The Sensex Outlook for the Day - 03-05-2019

The markets seem to be taking the truncated trading week as a joke - identical trading pattern over the last 2 trading sessions. Dont have much expectations today as well. Trade light for the day and gear up for an exciting trading week next week.

Date 03-May-19
Index Sensex Nifty
S2            38,953           11,715
S1            38,973           11,721
Previous Close     38,981.43    11,724.75
R1            38,998           11,729
R2            39,018           11,735
Fair Value 27,928 8,399

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Friday, April 26, 2019

The Sensex Outlook for the Day - 26-04-2019

The markets couldn't Wednesday's rise and understandably so - now the trading setup remains firmly in control of the bears. However do not take aggressive positions on either side before the long weekend & the truncated week ahead.

The SL for short positions is 39063 and 38584 for longs.

Date 26-Apr-19
Index Sensex Nifty
S2            38,584           11,597
S1            38,664           11,621
Previous Close     38,730.86    11,641.80
R1            38,749           11,647
R2            38,781           11,656
Fair Value 29,072 8,738

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