Tuesday, May 2, 2017

The Sensex Outlook for the day - 02-05-2017


While the next targets of 30293,30384 are still on as of now, the Sensex has broken key levels and now faces immediate upside resistance.
The Sensex needs to consolidate and move above 30000 to get its mojo back. Avoid building longs at the moment and ignore the SL of 29908 given earlier.

Date
02-May-17
S2
29,783
9,262
S1
29,848
9,282
Previous Close
29,918.40
 9,304.05
R1
29,930
9,308
R2
29,945
9,312
Fair Value
26,754
8,320



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