Tuesday, January 12, 2016

The Sensex Outlook for the Day - 12-01-2016

Luckily for itself, and for us, the Sensex managed to close above the stop loss level of 24771 given yesterday.
At this point, one needs to be worried about upside, rather than downside from the current levels.
Crossing 25000 will take both, time and effort.
Continue to build longs, with a stop loss below 24771.

Date
12-Jan-16
S2
24,771
S1
24,795
Sensex Previous Close
                                    24,825.04
R1
24,962
R2
25,092
Sensex Fair Value
27,380



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