Market Data

Monday, June 20, 2022

The Sensex Outlook for 20-06-2022

The short to medium term outlook for the markets is a long dry spell of consolidation in the 14950-17024/32000-36504 zone.

 

Within this range, there will be pockets of rallies as well as traps.

 

Only above 17024/36504 one can safely state that the markets are back in the BULL market orbit.

 

For the day, expect a positive bias towards 15423/33003.

 

I continue to stick my neck out and stay invested in my favourite stocks (including banks) – sanity and higher levels will return there sooner than you can imagine.

 

 

20 Jun 22

Index

Sensex

Nifty

BankNifty

S2

                  50,921

           15,163

                 32,291

S1

                  51,312

           15,279

                 32,641

Previous Close

             51,360.42

      15,293.50

            32,743.05

R1

                  51,613

           15,369

                 32,890

R2

                  51,653

           15,381

                 32,998

Fair Value

                  52,509

           15,636

 Not Calculated

 

 

 

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