Sunday, December 13, 2015

The Sensex Outlook for the week starting 14-12-2015

The region between 24900-25000 is a very strong support zone for the Sensex.
Don’t expect an immediate bounce from the same, but the Sensex should probably consolidate around 24900/25000 and find its feet once again.
Aggressive traders can initiate staggered longs at the current levels, with a trailing stop loss below 24900.

Date
14-Dec-15
S2
24,930
S1
24,992
Sensex Previous Close
                                    25,044.43
R1
25,097
R2
25,308
Sensex Fair Value
26,119






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