Thursday, April 28, 2016

The Sensex Outlook for the Day - 28-04-2016

Going by the SGX Nifty cues, there will be a Gap Up opening. Use the same to short the markets yet again.
If you have been following my advice and have been short on the markets, you have been facing M2M pressure over the last 2 days. However, the cautious/bearish stance on the markets continues and will be vindicated very soon.

Date
28-Apr-16
S2
25,949
S1
26,014
Sensex Previous Close
                                    26,064.12
R1
26,093
R2
26,221
Sensex Fair Value
26,968


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