Monday, June 4, 2018

The Sensex Outlook for the Week Starting 04-06-2018

While the undertone seems to be positive; the Sensex needs to cross convincingly the previous day high of 35438, for the positive undertone to convert into a rally. 
In the worst case scenario, the Sensex will probably consolidate between 35090 and 35400. 
The trading strategy again shifts to ignore/avoid the Indices and stick to individual stocks.
The overall SL level stands at 34994, below which the undertone will turn negative.

Date4-Jun-18
IndexSensexNifty
S235,15210,675
S135,17710,682
Previous Close35,227.2610,696.20
R135,25910,707
R235,28110,714
Fair Value31,2229,481


























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