Friday, July 19, 2019

The Sensex Outlook for the Day - 19-07-2019



The markets are back on track towards their rightful levels. 
Everyone who took the 3 day rally as the resumption of the uptrend was and is still grossly mistaken. 

However the markets will also test the nerves and the patience of the bears as well.
The slide from here to  37000 (11000) odd levels will have its share of false
rally's/ pullbacks and such.Conservative traders can wait till Monday for shorting afresh.

Index Levels to Watch & Fair Value
Date 19-Jul-19
Index Sensex Nifty
S2            38,685           11,534
S1            38,857           11,585
Previous Close     38,897.46    11,596.90
R1            38,929           11,606
R2            38,975           11,620
Fair Value 28,950 8,631

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