Sunday, February 11, 2018

The Sensex Outlook for the Week Starting 11-02-2018

  
We have reached the point where the Price Correction from the recent High's, now gives way to a protracted Time Correction.
The region between 33950 & 34200 should see the Sensex consolidate itself, before making the next move.
Having said that, not expecting a major sustained upmove anytime in the near future and any dips from the current levels will see value buying / bottom fishing too.

If the Sensex breaks 33850; we could see it fall further to ~33500 levels.

Date12-Feb-18
IndexSensexNifty
S233,97510,446
S133,98910,450
Previous Close                      34,005.76                10,454.95
R134,07110,475
R234,14210,497
Fair Value29,2739,000





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