Sunday, May 17, 2015

Sensex Outlook for the week starting 17-05-2015

The Sensex will trade in the 27000-27800 band.
This band will throw up many trading opportunities,so one can indeed initiate stock-specific longs without getting bogged by the movement of the Sensex and the Nifty.The market outlook will turn negative with a close only below 26953.
Date 18-May-15
S2 27,160
S1 27,288
Sensex Previous Close                  27,324.00
R1 27,380
R2 27,504
Medium Term Fair Value (6-12 months) 28,142
      
                                                                                      
                                                                                                               
 
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