On the face of it, the Sensex & the Nifty remain unchanged from the previous week, but it was a volatile week!
Going forward, into the BREXIT week, one can expect heightened volatility before and after the BREXIT vote on the 23rd.
Getting into the levels, the Sensex has a very strong supports at 26500 and at 26350 thereafter. As long as the Sensex is trading above these levels, the markets are in a "buy on dips" mode.
Anything negative or adverse coming out of the BREXIT vote should only be a momentary set-back for the markets.
Date
|
20-Jun-16
|
S2
|
26,433
|
S1
|
26,539
|
Sensex Previous Close
|
26,625.91
|
R1
|
26,632
|
R2
|
26,723
|
Sensex Fair Value
|
27,864
|
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