Sunday, October 29, 2017

The Sensex Outlook for the Week Starting 30-10-2017


While the market outlook continues to be positive and robust in the near term, some volatility in the 33000-33200 band cannot be ruled out completely. 
The markets are poised to rise higher towards 33500-34000 in the days to come; so add on to your longs on dips and otherwise.
Keep a trailing SL at 32892; only with a close below this level, could we see a reversal in the near term trend for the markets.

Date30-Oct-17
IndexSensexNifty
S232,91610,248
S133,11610,310
Previous Close33,157.22 10,323.05
R133,18410,332
R233,20010,336
Fair Value27,7318,634

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