The markets cannot sustain higher levels. It will take more than just a slight positive push that could see 40161 (12013) anytime soon. We are in a very narrow trending zone and the chances of breaking out on the downside are much higher than any upside breakout.
| Index Levels to Watch & Fair Value | ||
| Date | 04-Jul-19 | |
| Index | Sensex | Nifty |
| S2 | 39,684 | 11,870 |
| S1 | 39,781 | 11,899 |
| Previous Close | 39,839.25 | 11,916.75 |
| R1 | 39,846 | 11,919 |
| R2 | 39,935 | 11,945 |
| Fair Value | 28,788 | 8,611 |
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