Sunday, May 14, 2017

The Sensex Outlook for the Week Starting 15-05-2017


We are probably moving into the "consolidate above 30000" mode for the Sensex.
Build staggered longs as long as the Sensex is trading above 30000, for the targets of ~30500 and ~30700.
Date
15-May-17
S2
30,111
9,377
S1
30,155
9,391
Previous Close
30,188.15
 9,400.90
R1
30,200
9,405
R2
30,229
9,414
Fair Value
26,812
8,350


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