Sunday, June 21, 2020

The Sensex Outlook for the Week Starting 22-06-2020

While the markets are on track towards 34900-35600 (10300-10500) in the coming week, expect a soft/muted or even a negative start to the week.
If you have booked profits/initiated short positions on Friday, you can re-enter the markets/cover your shorts around 34525/10180.

The targets as above will be negated/delayed only with a CLOSE below 33900/10000.

Date22-Jun-20
IndexSensexNifty
S2           34,557           10,193
S1           34,572           10,197
Previous Close      34,731.73      10,244.40
R1           34,848           10,279
R2           35,357           10,429
Fair Value           32,794             9,673
SENSEX.png
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