Sunday, May 10, 2015

Sensex Outlook for the week starting 11-05-2015

The Sensex needs to sustain itself above 27000 before can consider fresh longs again.However,the chances of moving higher from the current levels are brighter.At this point,will only suggest aggressive traders to start building longs with a trailing stop-loss at 26814.
Date 11-May-15
S2 26,814
S1 27,039
Sensex Previous Close                  27,105.39
R1 27,183
R2 27,196
Medium Term Fair Value (6-12 months) 28,288

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