Tuesday, May 3, 2016

The Sensex Outlook for the Day - 04-05-2016

The markets bounced back initially, but settled after breaking the supports given at 25400. Brace yourself for sub-25000 levels soon. Continue to remain short or away from the markets. Don’t see buy signals anywhere near at the moment.

Date
04-May-16
S2
25,021
S1
25,193
Sensex Previous Close
                                    25,229.70
R1
25,319
R2
25,376
Sensex Fair Value
26,935



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