Sunday, May 6, 2018

The Sensex Outlook for the Week Starting 07-05-2018


While the near term outlook continues to be cautious at the moment, expecting the markets to bottom-out soon.
We could see heightened volatility in the run-up to the Karnataka elections, however it should be advantage Bulls soon.
Any dips till 34650 in the initial part of the week should be used to initiate aggressive longs with a SL at 34451.

Date 7-May-18
Index Sensex Nifty
S2 34,649 10,538
S1 34,848 10,598
Previous Close                       34,915.38 10,618.25
R1 34,978 10,638
R2 34,990 10,642
Fair Value 30,577 9,300


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