Tuesday, July 16, 2019

The Sensex Outlook for the Day - 16-07-2019

The Sensex made the day high at the same level as it did on Friday ~39023. 
The best case scenario for the markets is consolidation in the 38670-39000 band.
Traders can play this range and investors can wait before looking at value buys/ bottom fishing. 
The market bottom is yet to come.

Index Levels to Watch & Fair Value
Date16-Jul-19
IndexSensexNifty
S2           38,843          11,572
S1           38,872          11,581
Previous Close    38,896.71   11,588.35
R1           38,979          11,613
R2           39,024          11,626
Fair Value28,8318,590

GenerateChart (1).png
GenerateChart.png

--
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG  

Subscribe via email

Enter your email address:

Delivered by FeedBurner