Wednesday, December 6, 2017

The Sensex Outlook for the Day - 06-12-2017


There is no change in the near term outlook for the markets which continue to remain day-trader friendly.
If the markets open weak (as expected), buy into the opening weakness with a SL below 32755. The outcome of the RBI policy is a foregone conclusion and should not be a more an a 1-day affect on the markets. Even if the RBI policy surprises, positively or negatively, the affects wont last for more than a day.

Date6-Dec-17
IndexSensexNifty
S232,76210,106
S132,79310,115
Previous Close32,802.44 10,118.25
R132,82510,125
R232,83510,128
Fair Value27,7978,574


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