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.
Date3-Jun-20
IndexSensexNifty
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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