The final trigger for the market top is upon us. No matter what the budget brings, expect the markets to top out for the short term. Expect a positive, even a gap-up opening, followed up by a quick summit to ~~40313-40376-40436 (12068-12087-12106) before correcting shortly thereafter.
| Index Levels to Watch & Fair Value | ||
| Date | 05-Jul-19 | |
| Index | Sensex | Nifty |
| S2 | 39,855 | 11,931 |
| S1 | 39,885 | 11,940 |
| Previous Close | 39,908.06 | 11,946.75 |
| R1 | 39,918 | 11,950 |
| R2 | 39,979 | 11,968 |
| Fair Value | 28,699 | 8,591 |
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