Wednesday, May 31, 2017

The Sensex Outlook for the day - 31-05-2017


There is no change in the near term outlook of the markets. Any meaningful dips upto 30893 should be used to initiate fresh longs. The near term outlook will turn neutral only with a close below 30893. On the upside, the targets are ~31500/31800 in the days to come.
Date
31-May-17
Index
Sensex
Nifty
S2
31,012
9,579
S1
31,099
9,606
Previous Close
31,159.40
 9,624.55
R1
31,170
9,628
R2
31,548
9,745
Fair Value
28,170
8,701



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