Sensex Outlook for the week -
The markets corrected over the week, as suggested in this column last week. Going forward, the markets will be significantly influenced by the results announcements.
We could see a further time correction, where the Sensex and the Nifty could spend a lot of time consolidating within a broad range rather than moving significantly up or down. This kind of a market action will give many trading opportunities.
The outlook would change from ‘time correction cum consolidation’ to ‘negative’ only with a close below 27900.So keep a trailing stop loss at 27900 for all trading longs.
Sensex Previous Close
Sensex Fair Value
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