Friday, April 17, 2020

The Sensex Outlook for the Day - 17-04-2020

The bullish outlook of the last few days is getting vindicated.
Continue to remain long/ keep adding to your longs at the current levels and on dips. 
The near term targets for the markets are ~32400/9500. Conservative traders can keep a trailing SL at 30240/8890.
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date17-Apr-20
IndexSensexNifty
S2           30,528             8,971
S1           30,557             8,980
Previous Close      30,602.61        8,992.80
R1           30,708             9,024
R2           30,800             9,051
Fair Value           34,824           10,233
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