Sunday, June 16, 2019

The Sensex Outlook for the Week Starting - 17-06-2019

The outlook presented in this column last Sunday was sombre. But the markets tried to hold on to their fort for the initial part of the week, only to fall like nine-pins as the week drew to a close. Its a matter of time before 39280 (11770) is broken. The markets could find support at / around 38900 (11660). On the upside, only a close above 39610 (11871) should be a cause of worry for the bears.
Date 17-Jun-19
Index Sensex Nifty
S2            39,363           11,797
S1            39,413           11,812
Previous Close     39,452.07    11,823.30
R1            39,483           11,832
R2            39,514           11,842
Fair Value 29,242 8,763



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