Thursday, January 29, 2015

The Sensex Outlook for the day - 29-01-2015

There is no change in the near-term outlook for the markets.The Sensex is ripe for some profit-booking and correction.If you dont want to book profits yet, keep a trailing stop-loss at 29492 or 29418 depending upon your risk appetite, but for now - Dont Buy on Dips.
Date 29-Jan-15
S2 29,290
S1 29,418
Sensex Previous Close                  29,559.18
R1 29,587
R2 29,605
Medium Term Fair Value (6-12 months) 30,082

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