Market Data

Friday, July 5, 2019

The Sensex Outlook for the Day 05-07-2019



The final trigger for the market top is upon us. No matter what the budget brings, expect the markets to top out for the short term. Expect a positive, even a gap-up opening, followed up by a quick summit to ~~40313-40376-40436 (12068-12087-12106) before correcting shortly thereafter.

Index Levels to Watch & Fair Value
Date 05-Jul-19
Index Sensex Nifty
S2            39,855           11,931
S1            39,885           11,940
Previous Close     39,908.06    11,946.75
R1            39,918           11,950
R2            39,979           11,968
Fair Value 28,699 8,591


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