Thursday, February 25, 2016

The Sensex Outlook for the Day - 25-02-2016

The Sensex can correct further from the current levels, and re-touch the previous 52 Week Lows (22600), as mentioned in this post earlier also.
However trading opportunities will abound and staggered investments over the next few weeks will reap abundant gains in the months to come.
If the Sensex manages to close above 23500,then the negative outlook given above would no longer hold.

Date
25-Feb-16
S2
22,870
S1
23,057
Sensex Previous Close
                                    23,088.93
R1
23,162
R2
23,339
Sensex Fair Value
27,867



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