Sunday, June 17, 2018

The Sensex Outlook for the Week Starting 18-06-2018


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​In the extreme near term, I'm extremely bearish on the markets (Like I have been saying so, in the past 2/3 Sensex Outlook's).I have been advising profit-booking post 35500 and now I'm looking at much lower levels in the near term.

This bearish outlook will be negated only, if by some Magic, the Sensex manages to close above 35768 tomorrow. 

Keep the same level as the SL for all short positions.


Date 18-Jun-18
Index Sensex Nifty
S2 35,541 10,793
S1 35,572 10,802
Previous Close                               35,622.14 10,817.70
R1 35,654 10,827
R2 35,768 10,862
Fair Value 31,577 9,589


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