Tuesday, June 12, 2018

The Sensex Outlook for the Day - 12-06-2018


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​The Sensex is only 2.64% from the previous Life High (36443.98); but as we saw today - scaling and sustaining 35500 is a very tough nut to crack. Its best to trade the range for now - 35000-35500.

We are holding BANKNIFTY Puts and will go long on the NIFTY Calls with a SL at 35444/35121 (depending on risk appetites).


Date 12-Jun-18
Index Sensex Nifty
S2 35,444 10,777
S1 35,470 10,784
Previous Close                               35,483.47 10,786.95
R1 35,544 10,807
R2 35,606 10,826
Fair Value 31,264 9,506




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