Wednesday, June 24, 2020

The Sensex Outlook for the Day 24-06-2020

The near term TOP is almost in place for the Sensex & Nifty - don't bother to exit NIFTY longs at the exact top. Start unwinding NIFTY longs and if you are an aggressive trader, start building short positions on the NIFTY. Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.
Date24-Jun-20
IndexSensexNifty
S2           35,181           10,397
S1           35,252           10,418
Previous Close      35,430.43      10,471.00
R1           35,456           10,479
R2           35,784           10,575
Fair Value           32,272             9,538

SENSEX.png
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