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.

Date	6-Nov-17
Index	Sensex		Nifty
S2	33,620		10,432
S1	33,650		10,442
Previous Close	33,685.56		10,452.50
R1	33,710		10,460
R2	33,965		10,539
Fair Value	27,725		8,603

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