Tuesday, April 18, 2017

The Sensex Outlook for the day - 18-04-2017


The trading band for the markets has contracted considerably to 29300 – 29500. While the bottom seems to be in place, the markets have not stabilized enough to start rebuilding longs. A close below 29291 will further weaken the bulls.
Date
18-Apr-17
S2
29,291

9,101
S1
29,363

9,124
Previous Close
                                    29,413.66

              9,139.30
R1
29,424

9,142
R2
29,452

9,151
Fair Value
26,767

8,317


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