Thursday, June 25, 2020

The Sensex Outlook for the Day 25-06-2020

As indicated yesterday, we have seen the NIFTY & SENSEX unwind significantly from their recent highs. 
Going forward we could see a further downtrend in the frontline indices.
One can safely create further short positions on the NIFTY keeping a closing SL at 35250/10418.
Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.

Date25-Jun-20
IndexSensexNifty
S2           34,811           10,288
S1           34,830           10,294
Previous Close      34,868.98      10,305.30
R1           34,986           10,340
R2           35,056           10,361
Fair Value           32,484             9,600

As indicated yesterday, we have seen the NIFTY & SENSEX unwind significantly from their recent highs. 
Going forward we could see a further downtrend in the frontline indices.
One can safely create further short positions on the NIFTY keeping a closing SL at 35250/10418.
Stock specific buying opportunities will continue to exist - we will focus on them only, going forward.

Date25-Jun-20
IndexSensexNifty
S2           34,811           10,288
S1           34,830           10,294
Previous Close      34,868.98      10,305.30
R1           34,986           10,340
R2           35,056           10,361
Fair Value           32,484             9,600

SENSEX.png
--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner