Wednesday, June 19, 2019

The Sensex Outlook for the Day - 19-06-2019


Looking at the global cues, a positive opening cannot be ruled out. However the region between 39153-39300 (11723-11767) will give enough shorting opportunities for aggressive traders. Opening positive is one thing and staying / closing positive is another. Only a close above 39391 (11795) will turn the tide in favour of the bulls. Keep a closiing SL at 39391 for all short positions.


Date 19-Jun-19
Index Sensex Nifty
S2            38,905           11,649
S1            39,018           11,683
Previous Close     39,046.34    11,691.50
R1            39,153           11,723
R2            39,300           11,767
Fair Value 29,058 8,701

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