Thursday, May 7, 2020

The Sensex Outlook for the Day - 07-05-2020

Use the expected opening dip to initiate aggressive longs on the NIFTY for a near term target of ~32150/9400
Keep a closing SL at 31400/9180 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.
Date7-May-20
IndexSensexNifty
S2           31,565             9,236
S1           31,618             9,251
Previous Close      31,685.75        9,270.90
R1           31,972             9,355
R2           32,038             9,374
Fair Value           33,735             9,870


Raghav's Picks Trading Range Indicator.png

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