Sunday, February 15, 2015

Sensex Outlook for the week starting 16-02-2015

Sensex Outlook for the week -

Inspite of a truncated trading week (Tuesday is a trading holiday on a/c of MahaShivRatri), expect the markets to continue with the upward swing.
The next ST target for the Sensex is 29429.Keep a trailing stop-loss at 28950 and continue to build/hold long positions in the market.
A close below 28950 will delay the ST target of 29429 and a close below 28871 will negate the positive outlook.
Date 16-Feb-15
S2 28,871
S1 29,028
Sensex Previous Close                  29,094.93
R1 29,155
R2 29,316
Medium Term Fair Value (6-12 months) 30,346
Disclaimer and Exclusion of Liability -

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