Sunday, May 20, 2018

The Sensex Outlook for the Week Starting 21-05-2018

  

The fall seems to be done for now. However - given the velocity of the fall, dont expect stability, forget a resumption of the rally, anytime soon. The markets should take some time in finding the near term bottom and settling there. It is best to take small - well calibrated short positions on the Nifty and stick to individual stocks to go long on.

Date 21-May-18
Index Sensex Nifty
S2 34,734 10,561
S1 34,822 10,587
Previous Close                       34,848.30 10,596.40
R1 34,949 10,626
R2 35,050 10,657
Fair Value 30,538 9,285


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