Sunday, August 30, 2015

Sensex Outlook for the week starting - 31-08-2015


The worst is behind us, at least in the short term. And even if the volatility were to return, the recent lows wouldn’t be broken.
Initiate longs at the current levels.
While we are not looking at short term targets, the markets will give ample opportunities to sell high and re-enter at lower levels.
Keep a trailing stop loss below 25957.

Date
31-Aug-15
S2
26,270
S1
26,382
Sensex Previous Close
                 26,392.38
R1
26,450
R2
26,687
Sensex Fair Value
25,540





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