Thursday, May 14, 2015

The Sensex Outlook for the day - 14-05-2015


The risk reward ratio at the current levels favours the bulls.Initiate longs for a target of 27600-27800,keeping a trailing stop-loss below 27000.The broad range for the market is 26900-27800.
Date 14-May-15
S2 26,940
S1 27,100
Sensex Previous Close                  27,251.10
R1 27,300
R2 27,449
Medium Term Fair Value (6-12 months) 28,338

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