Friday, June 8, 2018

The Sensex Outlook for the Day - 08-06-2018



The bullish stance maintained in this column has paid off well. 
Going forward, expecting some consolidation around the current levels as the Sensex will flirt with yesterday's High.
Book some profits for the weekend.
Next week should be a good time to re-initiate fresh longs for the target of Newer Highs in the weeks to come.
The near term outlook will change to negative from consolidation, if the Sensex closes below 35182.So keep a SL at this level for all existing longs.

Date 08-Jun-18
Index Sensex Nifty
S2 35,311 10,723
S1 35,368 10,740
Previous Close                     35,463.08 10,768.35
R1 35,628 10,819
R2 35,850 10,887
Fair Value 31,582 9,591



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