Friday, May 12, 2017

The Sensex Outlook for the day - 12-05-2017


Exercise the usual Friday caution, the markets are ripe for a correction, but given the liquidity flows – no point in hazarding a short yet again. Hold on to your exiting longs with a trailing SL at 30121.
Date
12-May-17
S2
30,207
9,409
S1
30,219
9,412
Previous Close
30,250.98
 9,422.40
R1
30,275
9,430
R2
30,366
9,458
Fair Value
26,809
8,350



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