Wednesday, May 16, 2018

The Sensex Outlook for the Day - 16-05-2018


The Sensex bit off a lot more than it could possibly chew yesterday morning! Now we are left stranded with resistances and previous day High's which if not taken out soon will unleash a fresh downtrend.Aggressively short the markets for substantially lower levels from the current ones.

Date 16-May-18
Index Sensex Nifty
S2 35,440 10,769
S1 35,498 10,786
Previous Close                       35,543.94 10,801.85
R1 35,678 10,841
R2 35,744 10,861
Fair Value 30,459 9,255

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