Market Data

Tuesday, June 18, 2019

The Sensex Outlook for the Day - 18-06-2019

The markets did bounce off (marginally) from the supports given yesterday (38911 {38900 given as the support in this column} and 11657 {11660 given as the support in this column}). Going forward, we're not completely out of the woods, use any rise to short the markets afresh. Only with a close above 39125 (11721), will the bears be in a retreating mode. Use these levels as the closing SL for all fresh and existing shorts.

Date 18-Jun-19
Index Sensex Nifty
S2            38,911           11,657
S1            38,928           11,662
Previous Close     38,960.79    11,672.15
R1            39,125           11,721
R2            39,245           11,757
Fair Value 29,119 8,724

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