Wednesday, May 6, 2020

The Sensex Outlook for the Day - 06-05-2020

Continue to remain with long positions in the NIFTY.
Add aggressive longs at the current levels and on dips till 31280/9170. Keep a closing SL at 31000/9080 for all long positions.
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date6-May-20
IndexSensexNifty
S2           31,216             9,136
S1           31,404             9,191
Previous Close      31,453.51        9,205.60
R1           31,541             9,231
R2           31,707             9,280
Fair Value           33,574             9,826

Raghav's Picks Trading Range Indicator.png

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