Tuesday, June 30, 2020

The Sensex Outlook for the Day 30-06-2020

The Sensex managed to close just at the Closing SL level of 34961 given yesterday and the Nifty marginally lower than its SL level of 10321.The markets bounced bac smartly from key supports yesterday and the near term outlook remains unchanged as of now.
Remain long on the markets for a target of ~35700/10500, keeping a CLOSING SL at 34737/10246.
As long as the SL levels are not breached on a closing basis, aggressive traders can remain long for a target of ~37000/10900 as the short term top for the markets.

Date30-Jun-20
IndexSensexNifty
S2           34,847           10,279
S1           34,885           10,290
Previous Close      34,961.52      10,312.40
R1           34,992           10,321
R2           35,031           10,333
Fair Value           32,513             9,590

Raghav's Picks Trading Range Indicator.png

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