Market Data

Monday, July 15, 2019

The Sensex Outlook for the Week Starting 15-07-2019

The markets bounced off from their lows on Friday, 
but not enough to change the short term trend which remains down only. 
The level of 38814 (11576) poses a very strong 
resistance. Failure to convincingly cross these levels, 
will only leave the doors open for further downside. 
Any positive opening/bounce should be used to initiate fresh shorts with a 
SL at 39022 (11640) - ie Friday's Highs.
Index Levels to Watch & Fair Value
Date 15-Jul-19
Index Sensex Nifty
S2            38,597           11,511
S1            38,714           11,546
Previous Close     38,736.23    11,552.50
R1            38,765           11,561
R2            38,814           11,576
Fair Value 28,876 8,612

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