Sunday, February 1, 2015

Sensex Outlook for the week starting 02-02-2015

Expect the Sensex to consolidate between 29000-29300 in the near-term.The prebudget rally, could topout at ~30348 levels (the Fair Value for the Sensex). A close near 28850 will not auger well for the markets in the near term.
Date 02-Feb-15
S2 28,847
S1 29,070
Sensex Previous Close                  29,182.95
R1 29,289
R2 29,366
Medium Term Fair Value (6-12 months) 30,348

            
                                                                                      
                                                                                                               
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