Monday, June 15, 2015

Sensex Outlook for the week starting 14-06-2015


Sensex Outlook for the week -
Like I mentioned in Friday’s outlook, we have broken too many supports that we are in for more Pain before Pain Relief kicks in.If the Sensex manages to hold above 26383,then we could see a small rally towards, 26700.Below 26383, we could go down all the way to 25975, from where real buying could come in to support the markets. As of now, I am not looking at the upsides - let the market find its bearings between 26383-26500.

Date
15-Jun-15
S2
26,383
S1
26,407
Sensex Previous Close
                 26,425.30
R1
26,490
R2
26,649
Medium Term Fair Value (6-12 months)
28,415

                                                                                   
 

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