Sunday, March 13, 2016

The Sensex Outlook for the week starting 14-03-2016

The region around 24800-24900 {24818 to be precise} continues to remain a nasty resistance zone.
The Sensex will consolidate between 24600-24800, before making a move towards 25000+.
Continue to buy on dips till 24552; and keep a trailing stop loss at 24437 (trading longs) and 24227 (investment longs).

Date
14-Mar-16
S2
24,552
S1
24,696
Sensex Previous Close
                                    24,717.99
R1
24,818
R2
24,928
Sensex Fair Value
27,311


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