Thursday, May 4, 2017

The Sensex Outlook for the day - 04-05-2017

The Sensex is stuck in the narrow band of 29800-29900/30000. The chances of the bulls being rewarded for their patience is much higher as long as 29800 is not broken.
Keep your SL at 29800 and patiently wait out this consolidation/ time correction phase for the next targets of 30293,30384.

Date
04-May-17
S2
29,833
9,293
S1
29,847
9,297
Previous Close
29,894.80
 9,311.95
R1
29,921
9,320
R2
30,021
9,351
Fair Value
26,946
8,393



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