Wednesday, May 27, 2020

The Sensex Outlook for the Day - 27-05-2020

The markets are facing resistance at higher levels, while the downside is also capped at ~30500/9000 odd levels. 

Its a matter of time before the upside resistances are taken out.

Aggressive traders can continue to remain long/keep adding longs with a closing SL at 30117/8884.

Keep your stop loss at the individual stock as well as the market levels.

As I have been repeatedly saying - Avoid stocks outside the F&O universe.

Date27-May-20
IndexSensexNifty
S2           30,512             9,000
S1           30,584             9,022
Previous Close      30,609.30        9,029.05
R1           30,646             9,040
R2           30,736             9,066
Fair Value           33,420             9,858

SENSEX.png

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