Thursday, June 4, 2020

The Sensex Outlook for the Day 04-06-2020

While the underlying trend for the rest of the month remains largely positive, the indices will pause for a breath.
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.

Date4-Jun-20
IndexSensexNifty
S2           33,878             9,993
S1           34,015           10,034
Previous Close      34,109.54      10,061.55
R1           34,209           10,091
R2           34,258           10,105
Fair Value           32,738             9,657

SENSEX.png

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