Thursday, July 2, 2020

The Sensex Outlook for the Day 02-07-2020

The consistently bullish outlook presented in this column since last ~Friday is getting vindicated. 
The markets did manage to sustain above the resistance levels of 35200/10400, paving the way for further upsides.
Continue to remain long on the markets for a target of ~35700/10500, keeping a CLOSING SL at 34946/10292.
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.

Date02-Jul-20
IndexSensexNifty
S2           35,197           10,366
S1           35,248           10,381
Previous Close      35,414.45      10,430.05
R1           35,467           10,446
R2           35,707           10,516
Fair Value           31,926             9,403

Raghav's Picks Trading Range Indicator.png
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