The markets have taken out the targets of 39090,38871 (11790,11619) given in the weekly outlook. The subsequent targets for the markets are 38299 & 36989 (11432 & 11041). Any pullbacks today can be used to exit longs - especially if you tried value-hunting or bottom-fishing yesterday.
Index Levels to Watch & Fair Value | ||
Date | 09-Jul-19 | |
Index | Sensex | Nifty |
S2 | 38,299 | 11,433 |
S1 | 38,349 | 11,448 |
Previous Close | 38,720.57 | 11,558.60 |
R1 | 38,934 | 11,622 |
R2 | 38,985 | 11,637 |
Fair Value | 28,869 | 8,618 |
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