A small dip/ profit – booking phase before we hit 31500/31800 cannot be ruled out even now. Any dip upto 31179 or 31120 is a part of a healthy correction and should be used to build longs.
The near term outlook will turn neutral only with a close below 31120 and negative below 30628. So hold on to your longs / build fresh longs accordingly.
Date
|
05-Jun-17
| ||
Index
|
Sensex
|
Nifty
| |
S2
|
31,183
|
9,625
| |
S1
|
31,265
|
9,651
| |
Previous Close
|
31,273.29
|
9,653.50
| |
R1
|
31,333
|
9,672
| |
R2
|
31,662
|
9,773
| |
Fair Value
|
28,249
|
8,720
| |
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