Thursday, April 5, 2018

The Sensex Outlook for the Day - 05-04-2018


  

The so-called "Trade Wars" be damned. The Sensex corrected from a high of 33505 and then settled just above 33973. We are clearly in a well-defined trading range and
the markets are in no mood to break this range anytime soon.

What bothers me is when the Sensex is tired of playing ping-pong in the 32900-33500 range and there is no incentive to break on the upside - how low could we fall from the recent lows???
For now, just play this range, with a clear trailing SL at 32900 and a target of 33500.

Date
5-Apr-18
IndexSensexNifty
S232,94810,107
S132,99610,121
Previous Close                      33,019.07 10,128.40
R133,04110,135
R233,13610,164
Fair Value29,8179,146







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