Sunday, August 16, 2015

Sensex Outlook for the week starting - 17-08-2015


Friday’s rally, though totally unexpected, atleast by yours truly has completely changed the market outlook in the short term.
The Sensex will probably gather strength and rally towards 28300 and beyond in the days to come.
Initiate longs accordingly with a trailing stop loss below 29925 for conservative traders and below 27732 for aggressive traders.

Date
17-Aug-15
S2
27,925
S1
27,937
Sensex Previous Close
                 28,067.31
R1
28,101
R2
28,278
Sensex Fair Value
25,746





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