Wednesday, May 17, 2017

The Sensex Outlook for the day - 17-05-2017


With 30500 taken, 30700 & 30800 are not very far. However, some correction / profit – booking cannot be ruled out for now. Buy the dips for targets of 30700-30800. The bright & sunny outlook will change only with a close below 30250 – which should be kept as a trailing SL for all longs.
Date
17-May-17
S2
30,416
9,461
S1
30,513
9,490
Previous Close
30,582.60
 9,512.25
R1
30,592
9,515
R2
30,826
9,588
Fair Value
26,953
8,383

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