Tuesday, June 5, 2018

The Sensex Outlook for the Day - 05-06-2018



Thankfully, the Sensex managed to close above the SL level of 34994 given yesterday.
Any further dips till 34900, are opportunities to buy for an initial target of 35500; before the markets attempt fresh highs in a couple of weeks.
In the worst case scenario, the Sensex will probably consolidate between 35000 and 35400. 
Stick to a mixture of Stocks and Index Calls in your trading portfolio; with a SL at 34900.

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Date 05-Jun-18
Index Sensex Nifty
S2 34,730 10,543
S1 34,982 10,620
Previous Close               35,011.89 10,628.50
R1 35,079 10,649
R2 35,183 10,681
Fair Value 31,575 9,586



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