Tuesday, January 5, 2016

The Sensex Outlook for the Day - 05-01-2016

This is not the first time we have seen a rally punctured by a crash; a crash triggered by global concerns.
While key supports and stop loss levels have been broken, expect the Sensex to regain its tempo soon and resume its upward march.
Aggressive traders can initiate longs at the current levels with a view on a bounce back soon, keeping a stop loss below 25419.

Date
05-Jan-16
S2
25,419
S1
25,597
Sensex Previous Close
                                    25,623.35
R1
25,779
R2
25,849
Sensex Fair Value
27,305


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