Thursday, February 4, 2016

The Sensex Outlook for the Day - 04-02-2016

In the extreme near term the Sensex will be guided solely by global cues. The premise of great February mention earlier in this column is based on the expectations of a pre-budget rally and these expectations have not been negated yet. Aggressive investors can continue to build longs with a trailing stop loss at 24000.

Date
04-Feb-16
S2
24,006
S1
24,188
Sensex Previous Close
                                    24,223.32
R1
24,273
R2
24,409
Sensex Fair Value
27,540



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