Sunday, February 7, 2016

The Sensex Outlook for the week starting 08-02-2016


Going forward, the Sensex is poised for higher levels in the near term. Buy between 24500-24700. Though there could be slight resistance in crossing 25000, but the trend is clearly up in the short term.
The near term trend will again bearish only with a close below Friday’s low of 24346.


Date
08-Feb-16
S2
24,532
S1
24,545
Sensex Previous Close
                                    24,616.97
R1
24,673
R2
24,787
Sensex Fair Value
27,512




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