Market Data

Wednesday, June 3, 2020

The Sensex Outlook for the Day 03-06-2020

The near term targets given are done/nearly done. Going by the early cues from SGX Nifty, we can see 32400/10100 on opening itself.
However, its time to book profits/cut down on Index longs and wait for a meaningful dip to reenter the Index.
There are pockets of strength in individual stocks where we continue to hold long positions.
S2           33,584             9,908
S1           33,664             9,932
Previous Close      33,825.53        9,979.10
R1           33,853             9,987
R2           34,677           10,230
Fair Value           32,809             9,679



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