Monday, November 30, 2015

The Sensex Outlook for the week starting 30-11-2015

The bullish outlook given in this column last week for a 1 week horizon has been vindicated.
Going forward , sustaining 26000 is the key for further upside in the markets. A lot of previously beaten down stocks are looking to recover lost ground. Hence would like to continue with my bullish stance on the markets for now.
Keep a trailing stop loss at 25937 (yesterday’s low) for all existing and fresh longs.

Date
30-Nov-15
S2
26,034
S1
26,083
Sensex Previous Close
                                    26,128.20
R1
26,185
R2
26,281
Sensex Fair Value
26,055




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