Sunday, June 4, 2017

The Sensex Outlook for the Week Starting 05-06-2017


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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