Market Data

Wednesday, July 1, 2020

The Sensex Outlook for the Day 01-07-2020

The region around 35200/10400 is a resistance zone for the markets & we have seen the markets consistently reverse from there. At the same time, ~34800/10270 is a support zone from where we have seen the markets bounce back strongly in the past.
Our near/short term outlook for the market remains unchanged - Remain long on the markets for a target of ~35700/10500, keeping a CLOSING SL at 34755/10255.
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.
S2           34,795           10,266
S1           34,893           10,296
Previous Close      34,915.80      10,302.10
R1           34,952           10,313
R2           34,988           10,323
Fair Value           32,327             9,538

Raghav's Picks Trading Range Indicator.png


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