Sunday, January 4, 2015

Sensex Outlook for the week starting 05-01-2015


Sensex Outlook for the week
Friday's upmove has led the Sensex into a danger zone.
It will be difficult for the Sensex to sustain itself above 27800.If the Sensex manages to hold itself at the current levels, we could see further upmove to 28083,28192 & 28300.
However, if it falls back and the fall is not arrested at 27670, then we could be back to consolidating in the sub-27500 zone.
Traders can play between the below mentioned levels.
Date 05-Jan-15
S2 27,670
S1 27,782
Sensex Previous Close                  27,887.90
R1 27,937
R2 28,083
Medium Term Fair Value (6-12 months) 29,998
            
                                                                                      
                                                                                                               
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