There is no change in the near term outlook for the markets. Expect consolidation in the 38871-39332 band (11625-11762) to eventually give away to a gradual fall towards 36924 (11042). If you're wary of shorting the indices, stock specific opportunities exist for buying.
| Index Levels to Watch & Fair Value | ||
| Date | 25-Jun-19 | |
| Index | Sensex | Nifty |
| S2 | 38,944 | 11,646 |
| S1 | 39,026 | 11,671 |
| Previous Close | 39,122.96 | 11,699.65 |
| R1 | 39,147 | 11,707 |
| R2 | 39,216 | 11,727 |
| Fair Value | 28,760 | 8,601 |
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