Sunday, March 20, 2016

The Sensex Outlook for the week starting 21-03-2016

Finally 24900, was conquered on Friday.
However, the ability of the Sensex to hold on to this level is the key for this truncated trading week.
We have trading holiday’s on Thursday and Friday and with the year-end and F&O expiry coming up next week, it will a tough call for the bulls to carry further the upward charge in the near term. Best to trade light / book profits and see how this week pans out.

Date
21-Mar-16
S2
24,874
S1
24,881
Sensex Previous Close
                                    24,952.74
R1
24,987
R2
25,126
Sensex Fair Value
27,057


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