Friday, June 5, 2020

The Sensex Outlook for the Day 05-06-2020

Continue to remain in profit-booking/short NIFTY mode. The levels of 33500/9900 will be a good place to restart longs, mostly from the 2nd half of the day or even Monday.
There are pockets of strength in individual stocks where we continue to hold long positions.
Date 5-Jun-20
Index Sensex Nifty
S2            33,680              9,940
S1            33,805              9,977
Previous Close       33,980.70       10,029.10
R1            34,011            10,038
R2            34,222            10,100
Fair Value            33,024              9,747

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