Sunday, May 27, 2018

The Sensex Outlook for the Week Starting 28-05-2018

  
Baring a few one-off shocks/sell-off's the near term outlook is positive. In any case, we are holding NIFTY Puts as a hedge against these sell-off's.
The region around 34700-34800 is a strong support zone for the markets.Any dip till 34809 is a good opportunity to buy. The SL for all current and fresh long positions should be at 34701.

Date28-May-18
IndexSensexNifty
S234,86310,587
S134,88110,593
Previous Close34,924.87 10,605.15
R135,01810,634
R235,07710,652
Fair Value31,5219,572



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