Wednesday, June 8, 2016

The Sensex Outlook for the Day - 09-06-2016.


The markets are not moving anywhere – the Sensex seems to be stuck in a range. However, this can change in an instant and it would change in either direction. The Sensex could make a swift move outside the 26900-27100 band. So better to lighten some positions at the current levels and hold the balance positions with a trailing stop-loss at 26909.

Date
9-Jun-16
S2
26,844
S1
26,974
Sensex Previous Close
                                    27,020.66
R1
27,030
R2
27,033
Sensex Fair Value
27,683


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