Market Data

Monday, June 21, 2021

The Sensex Outlook for the Day 22-06-2021

As given in this column yesterday, the markets did bounce back smartly from the gap-down opening.
The Sensex & the Nifty rose ~830 & ~240 points respectively from the day lows.
The targets of 53950/16223 seem to be well within reach.
Aggressive as well as conservative traders can remain long/add to their longs on every dip.
The positive/bullish market setup will be negated only if the markets close below 51601/15455 for 2 consecutive days.

Date22 Jun 21
S2 52,436 15,705
S1 52,503 15,725
Previous Close 52,574.46 15,746.50
R1 52,629 15,763
R2 52,870 15,835
Fair Value 34,472 10,325 


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