Tuesday, April 5, 2016

The Sensex Outlook for the Day - 05-04-2016

With not-so positive global cues and the RBI Credit policy today, the market seems to be in a tight spot. However, I will stick my neck out with an overall bullish outlook for the near term. As long as yesterday’s low of 25224 is not broken, it’s a buy on dips market for the targets of 25516-25568.

Date
05-Apr-16
S2
25,223
S1
25,349
Sensex Previous Close
                                    25,399.65
R1
25,420
R2
25,470
Sensex Fair Value
26,869


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