Thursday, December 17, 2015

The Sensex Outlook for the Day - 17-12-2015

Going by the US cues, the Fed Rate Hike has been a non-event as far as the downside risks to the markets was expected.
However, the Sensex is trading at the upper band of its trading range for the moment, so expect the Sensex to probably move sideways for a bit, before resuming a clear uptrend once again.
The region around yesterday’s low of 25372 is a key support zone for the day.
Aggressive traders can build longs at the current levels and on dips with a closing stop-loss below 25370.

Date
17-Dec-15
S2
25,372
S1
25,480
Sensex Previous Close
                                    25,494.37
R1
25,573
R2
25,681
Sensex Fair Value
26,162



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