The Sensex Outlook for the Day - 03-10-2017

The markets did shoot up last Friday only to end up flat on close. Even though the markets will take some time to re-calibrate themselves in 31000-31500 zone, one can take fresh long positions above 31200 for a target of 31500. For the moment, stop-losses do not matter.

Date	3-Oct-17
Index	Sensex		Nifty
S2	31,142		9,744
S1	31,242		9,776
Previous Close	31,283.72		9,788.60
R1	31,350		9,809
R2	31,390		9,822
Fair Value	27,391		8,571

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