Thursday, February 2, 2017

The Sensex Outlook for the Day - 02-02-2017


With the budget behind us and a mini-breakout of sorts, expect the Sensex to consolidate around 28000 before the next move (either ways) comes into play. Hold on to your longs with a trailing SL at 27676 and add to fresh longs on dips till 27964.


Date
02-Feb-17
Index
Sensex

Nifty
S2
27,964

8,661
S1
27,992

8,670
Previous Close
                                    28,141.64

              8,716.40
R1
28,160

8,722
R2
28,348

8,780
Fair Value
26,246

8,129




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