Thursday, June 4, 2015

The Sensex Outlook for the day - 04-06-2015

In-spite of yesterday's support/stop-loss level of 26900 being violated,aggressive traders can initiate longs at current levels, looking at the June expiry & keeping a stoploss at 26700.What we have seen in the last 2 days is Panic Selling and a return to the normal trading range is bound to happen, sooner than later.
Date 04-Jun-15
S2 26,445
S1 26,698
Sensex Previous Close                  26,837.20
R1 26,937
R2 27,194
Medium Term Fair Value (6-12 months) 28,397

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