Thursday, May 17, 2018

The Sensex Outlook for the Day - 17-05-2018

  
The key to any short term recovery lies in the Sensex managing to regain 35440-35454 today. Below this zone, the near term outlook remains shaky and gives the bears ample control.
Aggressively short the markets keeping the SL at ~35450.

Date 17-May-18
Index Sensex Nifty
S2 34,990 10,619
S1 35,242 10,695
Previous Close               35,387.88 10,741.10
R1 35,440 10,756
R2 35,454 10,760
Fair Value 30,465 9,246

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