Market Data

Monday, July 5, 2021

The Sensex Outlook for the Week Starting 05-07-2021

The markets bounced off from near the support levels (52184/15624) given for the markets on Friday.
Going forward, expect the uptrend to resume in a linear manner.
The resistance zone of ~53000/15900 will give a last fight to the bulls before finally cracking.
Aggressive traders can start adding to their existing longs/ add fresh longs for the initial targets 53696/16085.
Conservative traders should maintain the strict SL at 52184/15624/34546 for their longs.

Date5 Jul 21
Previous Close52,484.6715,722.20
Fair Value35,00810,487 


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