Near-Term Outlook?

#1
Hi Alchemist ji,
What is the near term outlook for Sensex and Nifty.?? Do you expect the nifty/sensex to fall??
Any specific stocks/sectors to target in the near term.

Thanks,
Krish
 
#2
Hi Alchemist ji,
What is the near term outlook for Sensex and Nifty.?? Do you expect the nifty/sensex to fall??
Any specific stocks/sectors to target in the near term.

Thanks,
Krish
I am expecting a bounce back tomorrow to about 4940/4950 levels, The current expiry should end closer to 5000 levels.
 

Alchemist

Administrator
Staff member
#3
4790-4800 is a very strong support.

4860 = 50 EMA; is upside resistance.

US cues will decide where we will go in the short-term.

only 2 days left for expiry.

I expect 4800 to hold.

If US is stable, we may finish the expiry between 4860 and 4900.
 

Krish

New member
#5
Hi Alchemist ji,
Will there be any resistance to this downwward trend. Nifty has gone below its 100 DMA?.. Your near term outlook...

Thanks,
Krish
 
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