Tuesday, May 16, 2017

The Sensex Outlook for the day - 16-05-2017


The uptrend should continue, albeit some caution required. Keep a trailing SL at 30197 and hold on to your longs. Buy on dips/ in a staggered manner for targets of ~30500 & ~30800 in the near term.
Date
16-May-17
S2
30,254
9,424
S1
30,274
9,430
Previous Close
30,322.12
 9,445.40
R1
30,341
9,451
R2
30,358
9,457
Fair Value
26,955
8,397


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