Wednesday, April 27, 2016

The Sensex Outlook for the Day - 27-04-2016

Crossing 26000 on the 26th and sustaining above 26000 on the 27th are going to be 2 very different things for the Sensex.
Despite yesterday’s rally, the cautious/bearish stance on the markets continues.
Depending on your risk profile, it is advisable to either exit longs and stay away or to short the markets at these levels.

Date
27-Apr-16
S2
25,870
S1
25,956
Sensex Previous Close
                                    26,007.30
R1
26,055
R2
26,219
Sensex Fair Value
26,991



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