Sunday, January 24, 2016

The Sensex Outlook for the week starting 25-01-2016

January so far has been a tumultuous month for the markets with the Sensex loosing almost 1700 points till now.
Given that we are in the last week of the month with a truncated trading week (Tuesday is a holiday on a/c of the Republic Day) and the F&O expiry thrown in, there cannot be much expectations from the markets for this week.  
I only expect that by the time we close the week, the monthly loss would have come down from the current ~1700 points. Its best to take a fresh long/investment call on the markets only after the January expiry.

Date
25-Jan-16
S2
24,343
S1
24,383
Sensex Previous Close
                                    24,435.66
R1
24,473
R2
24,647
Sensex Fair Value
27,284


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