Friday, February 9, 2018

The Sensex Outlook for the Day 09-02-2018


Yesterday the rise was overdone and expect an overdone fall / crash today. However today will be a good day to initiate aggressive longs with a view on the February expiry. Conservative traders keep a closing SL at 34269 and aggressive traders at 34109.
The ultimate support zone for the markets is 34000 - a close below this level and we could see exacerbated weakness in the days to come.

Date9-Feb-18
IndexSensexNifty
S234,30310,543
S134,38510,568
Previous Close                      34,413.16                10,576.85
R134,50310,604
R234,60710,636
Fair Value29,2198,980


  
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