Friday, June 1, 2018

The Sensex Outlook for the Day 01-06-2018

  

Not expecting a repeat of yesterday's performance or even follow-up buying. Will not be surprised to see a gap-down opening and a flat close to the week.
Aggressive traders can short the Nifty and conservative traders can wait for Monday to initiate fresh trades. We are holding June Puts we brought at the fag-end of yesterday's trading session.

Date 01-Jun-18
Index Sensex Nifty
S2 35,074 10,661
S1 35,184 10,694
Previous Close                     35,322.38 10,736.15
R1 35,416 10,765
R2 35,555 10,807
Fair Value 31,359 9,532


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