Tuesday, July 9, 2019

The Sensex Outlook for the Day - 09-07-2019



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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