Wednesday, July 17, 2019

The Sensex Outlook for the Day - 17-07-2019



The markets will have a difficult time sustaining the current levels, as already indicated by the early cues from SGX Nifty. Initiate shorts at opening levels, with aSL
SL at 39259/11701. We have a long time before the markets finally bottom out and we will see multiple pull-back's and failed rally's till then.

Index Levels to Watch & Fair Value
Date 17-Jul-19
Index Sensex Nifty
S2            39,053           11,639
S1            39,073           11,645
Previous Close     39,131.04    11,662.60
R1            39,174           11,675
R2            39,259           11,701
Fair Value 28,883 8,608

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