Monday, May 30, 2016

The Sensex Outlook for the Week Starting 30-05-2016





One can start initiating longs with a strict closing stop-loss at 26405.The relative ease with which the tide seems to have turned in favor of the bulls, looks scary. Too early to say if it's a bull-trap or a bear trap.

Date
30-May-16
S2
26,405
S1
26,579
Sensex Previous Close
                                    26,653.60
R1
26,677
R2
26,919
Sensex Fair Value
27,768



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