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 |
If you're on Telegram, you can join us here - https://t.me/RaghavsPicksSensexOutlook |
If you haven’t joined my paid calls yet – you can join now - http://blog.raghavs-picks.com/2022/06/performance-of-trading-calls-week_18.html |
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG |
