Sunday, April 3, 2016

The Sensex Outlook for the week starting 04-04-2016

The Sensex faces resistance between 25300-25400, however, there is no change in the near term bullish outlook for the markets.

After the rally of the last few weeks, one is better off seeing the Sensex consolidate,rather than getting into a vicious correction mode.

As long as the previous day low of 25119 is not broken, it remains a Buy on Dips kind of a market for a near term target of 25462-25521.

The rally would be under threat only with a close below 25046.
Date4 Apr 16
S225133
S125248
Sensex25269.64
R125355
R225398
Sensex Fair Value26913

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