Thursday, June 18, 2015

The Sensex Outlook for the day - 18-06-2015

         


The Sensex now faces resistance at 26850, and should struggle a bit to cross the same. Use any dips to initiate further longs, keeping a trailing stop loss at 26600.A close below 26600 will partially erase the bullish setup created over the last 2/3 days.

Date
18-Jun-15
S2
26,729
S1
26,814
Sensex Previous Close
                 26,832.66
R1
26,848
R2
26,983
Medium Term Fair Value (6-12 months)
28,300



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