Tuesday, June 26, 2018

The Sensex Outlook for the Day - 26-06-2018


​​The failure to cross the resistance at 35877 and sustain above the resistance of 35739 has left the markets vulnerable to further downside from the current levels. While I continue to be bullish on select large cap stocks, it will be a good idea to aggressively short the NIFTY at the current levels with a SL at 10843. Have also started to accumulate July NIFTY Puts & June BANKNIFTY Puts since last week (Both are Out-of-the-Money Puts).


Date 26-Jun-18
Index Sensex Nifty
S2 35,391 10,737
S1 35,430 10,749
Previous Close                               35,470.35 10,762.45
R1 35,485 10,766
R2 35,531 10,780
Fair Value 32,194 9,768



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