Thursday, April 7, 2016

The Sensex Outlook for the Day - 07-04-2016

The Sensex is still licking at its wounds from the crash correction of day before yesterday. Expect a very slow and soft resumption to the rally, however the 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
07-Apr-16
S2
24,729
S1
24,834
Sensex Previous Close
                                    24,900.63
R1
24,912
R2
24,965
Sensex Fair Value
27,069



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