Sunday, February 21, 2016

The Sensex Outlook for the week starting 22-02-2016

As of now, the Sensex is in a near term uptrend. Continue to build longs / hold on to your longs with a trailing stop-loss at 23508. However, the possibility of a fall to sub-23000 levels stands as of now – but the markets will give enough warnings to cut longs before that happens.

Date
22-Feb-16
S2
23,508
S1
23,664
Sensex Previous Close
                                    23,709.15
R1
23,774
R2
23,902
Sensex Fair Value
27,861


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