Wednesday, August 19, 2015

The Sensex Outlook for the Day - 19-08-2015

There is no change in the near term outlook for the markets – slightly more than cautiously optimistic.
Initiate longs with a stop-loss below 27710.Should the Sensex close this level, then we are in for more pain in the near term.

Date
19-Aug-15
S2
27,710
S1
27,747
Sensex Previous Close
                 27,831.54
R1
27,873
R2
28,041
Sensex Fair Value
25,832

 

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