Thursday, June 27, 2019

The Sensex Outlook for the Day - 27-06-2019



The markets have gained enough momentum over the last 2 days to attempt a touch-and-go towards 12000, however the F&O expiry induced volatility should keep the spirits of the bulls in check. The near term outlook is volatile while the short term outlook continues to be down only.

Index Levels to Watch & Fair Value
Date 27-Jun-19
Index Sensex Nifty
S2            39,553           11,836
S1            39,574           11,842
Previous Close     39,592.08    11,847.55
R1            39,674           11,872
R2            39,938           11,951
Fair Value 28,762 8,607


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