Wednesday, July 22, 2015

The Sensex Outlook for the day - 22-07-2015



We corrected on expected lines, but broke 28200 unexpectedly.
Now with all round negative global cues, expect the weakness to persist some more.
However the bottom fishing opportunity could come in earlier than expected, so be ready to reinitiate longs again.

Date
22-Jul-15
S2
28,020
S1
28,138
Sensex Previous Close
                 28,182.14
R1
28,280
R2
28,292
Sensex Fair Value
25,479






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