Friday, May 8, 2015

The Sensex Outlook for the day - 08-05-2015


There is no change in the market outlook from yesterday.Initiate aggressive longs only if the Sensex falls further to 26400-26600 levels, otherwise wait for it to stabilise around 27000 before taking a fresh call on the markets.The 26600-27000 is a STAY AWAY zone for traders as well as long-term investors.
Date 08-May-15
S2 26,230
S1 26,424
Sensex Previous Close                  26,599.11
R1 26,624
R2 26,813
Medium Term Fair Value (6-12 months) 28,383
 
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