Sunday, November 5, 2017

The Sensex Outlook for the Week Starting 06-11-2017


The markets are poised to rise higher towards 34500 (10700 on the Nifty) in the days to come; so add on to your longs on dips and otherwise.
The region around 33467 is a very strong support zone, or rather a confluence of supports; so keep the trailing SL here only.
Only with a close below this level, could we see a reversal in the near term trend for the markets.

Date6-Nov-17
IndexSensexNifty
S233,62010,432
S133,65010,442
Previous Close 33,685.56 10,452.50
R133,71010,460
R233,96510,539
Fair Value27,7258,603

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