Friday, February 16, 2018

The Sensex Outlook for the Day 16-02-2018

  
After having crossed 34200 yesterday, despite my doubts & apprehension about the same, the support / SL level for the day has shifted to 34250.

At the same time, the region between 34300 and 34400 looks like a minefield of resistances.

Only aggressive traders can initiate small & calibrated longs between 34250 & 34350; keeping an overall SL below 34200 and target 34500+ in the days to come.

And like I have maintained throughout the week, the ultimate support zone for the markets still remains at 34000.

Date16-Feb-18
IndexSensexNifty
S234,23510,526
S134,25110,531
Previous Close                      34,297.47                10,545.50
R134,34010,558
R234,35510,563
Fair Value28,8388,867




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