Monday, June 29, 2015

Sensex Outlook for the week starting 28-06-2015


Sensex Outlook for the week -
After a 1400+ points rally in the last 10 odd trading sessions, a correction is due in any case.
The Greek crisis has given the markets the perfect script to stage the correction drama.
However the correction could be shorter than what most are expecting.
It makes more sense to just lie low and let the Greek storm pass rather than short the markets.
Date
29-Jun-15
S2
27,675
S1
27,803
Sensex Previous Close
                 27,811.84
R1
27,922
R2
27,946
Medium Term Fair Value (6-12 months)
25,248


                                                                                    
                                                                                                            


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