Wednesday, June 7, 2017

The Sensex Outlook for the day - 07-06-2017


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

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