Wednesday, April 29, 2015

The Sensex Outlook for the day - 29-04-2015

Yesterday's bounceback from the over-sold levels does not imply that the rally will resume anytime soon.The Sensex needs to settle comfortably above 27520, before one can even consider going long again.Till then, the Sensex is in a no-man's land.
Date 29-Apr-15
S2 27,187
S1 27,317
Sensex Previous Close                  27,396.38
R1 27,482
R2 27,626
Medium Term Fair Value (6-12 months) 29,435
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