Thursday, December 31, 2015

The Sensex Outlook for the Day - 31-12-2015

The Sensex is poised at supports. A Close below 25900 will only delay the rally towards 26214,26260. Since the trading band has contracted quite a bit, it’s difficult to advise buying on dips for now, because any dips from the current levels will result in violation of key supports. For now, just hold on to existing longs and wait to see 25900 holding out.

Date
31-Dec-15
S2
25,930
S1
25,939
Sensex Previous Close
                                    25,960.03
R1
26,010
R2
26,112
Sensex Fair Value
27,045



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