Sunday, June 21, 2015

Sensex Outlook for the week starting 21-06-2015


Sensex Outlook for the week -
We bounced back from the lows of last week and now it looks like we are nearing the top of the current move.
The Sensex needs to stabilize itself above 27000,before looking at any levels on the upside.
The extreme near term outlook will change to negative only with a close below 27000.Use all dips upto 27000 to initiate fresh longs with a 2 week view.
Date
22-Jun-15
S2
27,202
S1
27,308
Sensex Previous Close
                 27,316.17
R1
27,405
R2
27,505
Medium Term Fair Value (6-12 months)
25,324



                                                                                    

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