Sunday, April 10, 2016

The Sensex Outlook for the week starting 11-04-2016

The Sensex continues to find support at 24500 and 24650. Aggressive traders can initiate longs at the current levels.
Having reached the current levels, only a close below 24500, will be a cause for further tension/worry, otherwise the Sensex would probably just consolidate between 24600-24800 and move upwards.

Date
11-Apr-16
S2
24,542
S1
24,609
Sensex Previous Close
                                    24,673.84
R1
24,697
R2
24,736
Sensex Fair Value
27,052


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