Thursday, January 18, 2018

The Sensex Outlook for the Day 19-01-2018

  
My advise of booking some profits above 35150-35200 paid off. The Sensex reversed from 35500 and settled at 35260 - creating a resistance zone at ~35300+.
Inspite of being a Friday, I will stick my neck out and advise to remain long and use any dips to add to your longs, keeping a trailing SL at 35166 (conservative) or at 34910 (aggressive); for a target of ~35800~36100 in the near term.

Date
19-Jan-18
IndexSensexNifty
S235,16610,788
S135,20110,799
Previous Close                                    35,260.29                            10,817.00
R135,31110,833
R235,40910,863
Fair Value27,9718,581



Devansh @ Raghav's Picks
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