Thursday, April 6, 2017

The Sensex Outlook for the day - 06-04-2017


The momentum will take the markets higher to 30095/30163, but from there, we could get into a consolidation or a time correction.
Dont be in a hurry to book some profits immediately. At the same time, don't initiate fresh longs. The SL level now stands at 29874.

Date
06-Apr-17
Index
Sensex

Nifty
S2
29,874

9,234
S1
29,933

9,252
Previous Close
                                    29,974.24

              9,265.15
R1
30,007

9,275
R2
30,094

9,302
Fair Value
26,750

8,269



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