The Sensex Outlook for the Day 31-05-2018

  

There isnt really any change in the near term outlook for the markets from yesterday. Yes,I'm expecting some weakness in PSU Banks, so holding a solitary Bank Nifty Put.

One can start continue initiating fresh longs at the current levels and on dips till 34800.

The SL for all current and fresh long positions should be at 34735.

Date	31-May-18
Index	Sensex	Nifty
S2	34,735	10,561
S1	34,888	10,607
Previous Close	34,906.11	10,614.35
R1	34,922	10,618
R2	35,007	10,644
Fair Value	31,341	9,529

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