Sunday, May 15, 2016

The Sensex Outlook for the week starting 16-05-2016

The markets followed the outlook given in this column, last week – first the Sensex sustained 25000 for 3 days and then just when the bulls were ready to make a come-back, she cracked once again.
Don’t be fooled by the 1% week on week gain on the Sensex and the Nifty, the underlying trend continues to be negative and the markets will only fall further from here.
Continue to short the markets or if you want do that, just take a break from the markets for now.

Date
16-May-16
S2
25,400
S1
25,477
Sensex Previous Close
                                    25,489.57
R1
25,545
R2
25,744
Sensex Fair Value
27,703

 



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