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
|