Wednesday, May 24, 2017

The Sensex Outlook for the day - 24-05-2017


Yesterday's fall was expected only (read my weekly outlook). Now going forward, the upside looks more worrying than further downside – for the region between 30500 – 30600 continues to be a very strong resistance zone and it will be some time, before it is taken. Wait to see how the day turns out, before adding fresh longs.
Date
24-May-17
Index
Sensex
Nifty
S2
30,202
9,336
S1
30,317
9,371
Previous Close
30,365.25
 9,386.15
R1
30,391
9,394
R2
30,431
9,406
Fair Value
27,781
8,587





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