Thursday, July 4, 2019

The Sensex Outlook for the Day 04-07-2019


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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