Wednesday, April 6, 2016

The Sensex Outlook for the Day - 06-04-2016

It was a given that the market was looking weak yesterday, but the extent of the crack after the Credit Policy announcement was not expected. Now with key-levels broken, expect a soft resumption of the rally, as downside looks extremely limited from the current levels. The risk-reward ratio favor’s fresh longs/ holding to existing longs at the current levels.

Date
06-Apr-16
S2
24,672
S1
24,838
Sensex Previous Close
                                    24,883.59
R1
25,031
R2
25,060
Sensex Fair Value
26,979






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