Wednesday, July 15, 2020

The Sensex Outlook for the Day 15-07-2020

The markets crashed and stopped just before an important support zone at 35519/10456.The call to short the NIFTY yesterday & day before yesterday has paid off handsomely. Now we can see a rally/bounce back up to 36283/10681. Any move outside the 35519-36283/10456-10681 band will take the markets further in that direction. For the now, it looks to cross 36283, atleast in intraday.

Date15-Jul-20
IndexSensexNifty
S2           35,519           10,456
S1           35,877           10,562
Previous Close      36,033.06      10,607.35
R1           36,150           10,642
R2           36,208           10,659
Fair Value           31,418             9,249

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