Sunday, September 20, 2015

Sensex Outlook for the week starting - 21-09-2015

After a 500 point rally in 2 days, the Sensex is just ripe for a corrective dip - only to rise again.26130 is a strong support zone for the Sensex, below which the corrective dip could extend all the way to 25865.Traders can initiate longs between 25865-26130, depending on their risk appetites and with a 2-3 week perspective.

Date 21-Sep-15
S2 25,865
S1 26,130
Sensex Previous Close                  26,218.91
R1 26,274
R2 26,472
Sensex Fair Value 25,396


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