Friday, January 8, 2016

The Sensex Outlook for the Day - 08-01-2016

Sooner than later, sanity will return to the markets and the Sensex would arrest its free-fall triggered solely by global cues.
Till that time, sit tight or start bottom fishing.
Forget long term, the risk-reward ratio at the current levels favors the bulls even on a 1st quarter of 2016 view.

Date
08-Jan-16
S2
24,610
S1
24,826
Sensex Previous Close
                                    24,851.83
R1
24,969
R2
25,230
Sensex Fair Value
27,440



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