Irrespective of what the RBI policy brings - in the extreme near term, a further dip is very much due. The outlook will turn negative from neutral, only with a close below 31075. Don't buy into the dips for now, because if 31075 breaks, a fall to 30750 odd levels cannot be ruled out.
Date
|
07-Jun-17
| ||
Index
|
Sensex
|
Nifty
| |
S2
|
31,075
|
9,601
| |
S1
|
31,173
|
9,632
| |
Previous Close
|
31,190.56
|
9,637.15
| |
R1
|
31,228
|
9,649
| |
R2
|
31,258
|
9,658
| |
Fair Value
|
28,326
|
8,752
| |
