Tuesday, June 16, 2020

The Sensex Outlook for the Day 16-06-2020

The markets closed marginally lower than the closing SL levels of  33328/9839.
However, all is not lost for the markets given the way they bounced from the day's lows. 
We continue to remain long on the NIFTY /BANKNIFTY and select stocks which will be relatively stable/outperform in the near term as well as short term. 
  
As I have mentioned in the past also, even if you trade only in the cash segment and not in Futures & Options, do not trade outside the universe of the F&O permitted stocks.

Date16-Jun-20
IndexSensexNifty
S2           32,917             9,722
S1           32,924             9,724
Previous Close      33,228.80        9,813.70
R1           33,274             9,827
R2           33,297             9,834
Fair Value           32,659             9,645
SENSEX.png
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