Market Data

Showing posts with label yesterday's high. Show all posts
Showing posts with label yesterday's high. Show all posts

Monday, July 15, 2019

The Sensex Outlook for the Week Starting 15-07-2019



The markets bounced off from their lows on Friday, 
but not enough to change the short term trend which remains down only. 
The level of 38814 (11576) poses a very strong 
resistance. Failure to convincingly cross these levels, 
will only leave the doors open for further downside. 
Any positive opening/bounce should be used to initiate fresh shorts with a 
SL at 39022 (11640) - ie Friday's Highs.
 
Index Levels to Watch & Fair Value
Date 15-Jul-19
Index Sensex Nifty
S2            38,597           11,511
S1            38,714           11,546
Previous Close     38,736.23    11,552.50
R1            38,765           11,561
R2            38,814           11,576
Fair Value 28,876 8,612

   
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Wednesday, April 24, 2019

The Sensex Outlook for the Day - 23-04-2019


Remain short on the markets with a trailing SL at 38833 (yesterday's high). The downtrend will accelerate below 38460 which is the last support for the markets for now.
Date 24-Apr-19
Index Sensex Nifty
S2            38,460           11,546
S1            38,518           11,564
Previous Close     38,564.88    11,575.95
R1            38,592           11,586
R2            38,639           11,600
Fair Value 29,039 8,718


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Tuesday, April 23, 2019

The Sensex Outlook for the Day - 23-04-2019

Do not get carried away with the early morning surge in SGX Nifty - below 38903, the near term outlook remains decisively weak. Use any gap-up opening to initiate fresh shorts with a  SL at 39158 (yesterday's high)

Date23-Apr-19
IndexSensexNifty
S2           38,460          11,539
S1           38,586          11,577
Previous Close    38,645.18   11,594.45
R1           38,660          11,599
R2           38,674          11,603
Fair Value28,7438,624

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Tuesday, February 26, 2019

The Sensex Outlook for the Day 26-02-2019

The markets crossed strong resistances yesterday, but expect them to tumble down from there now. We brought NIFTY PUTS at the day's high levels yesterday and they should pay-off today. Add to your shorts with a view on the Expiry.

Date 26-Feb-19
Index Sensex Nifty
S2          36,162         10,866
S1          36,182         10,872
Previous Close   36,213.38   10,880.10
R1          36,242         10,890
R2          36,558         10,984
Fair Value 28,182 8,468





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Thursday, January 31, 2019

The Sensex Outlook for the Day 31-01-2019

Continue to Remain short on the markets with a trailing SL at 35850 (yesterday's high) for conservative traders. Aggressive traders can keep a SL at 35903.

Date 31-Jan-19
Index Sensex Nifty
S2 35,376 10,588
S1 35,477 10,619
Previous Close   35,591.25 10,651.80
R1 35,613 10,659
R2 35,644 10,669
Fair Value 31,591 9,456




Tuesday, November 13, 2018

The Sensex Outlook for the Day - 13-11-2018


The markets tumbled from the high's of the day and have now opened the floodgates for further falls and the eventual crack. Lighten-up your long positions and short the markets at current levels and on rise till 35333. Yesterday's high of 35333 is going to be the ceiling for the markets for quite some time now.

Date 13-Nov-18
Index Sensex Nifty
S2 34,735 10,459
S1 34,770 10,470
Previous Close   34,812.99 10,482.20
R1 34,928 10,517
R2 34,968 10,529
Fair Value 31,908 9,608



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