Friday, May 29, 2020

The Sensex Outlook for the Day - 28-05-2020

The bullish outlook of the last few days/weeks continues to get vindicated.

Remain long/add to your longs at every dip. 

Barring a few phases of corrections/profit-booking every now and then, the markets are on track for 32200/9500 in the coming days.

Conservative traders can keep a SL at 30960/9120.

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.


Date28-May-20
IndexSensexNifty
S2           31,346             9,239
S1           31,426             9,262
Previous Close      31,605.22        9,314.95
R1           31,633             9,323
R2           31,943             9,414
Fair Value           33,372             9,836

SENSEX.png


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