Monday, June 20, 2016

The Sensex Outlook for Day - 21-06-2016

The RBI governor’s supposedly unceremonious exit was the least of the market’s concerns as the Sensex went out to make a mini-breakout of sorts.

Going forward, keep a trailing stop-loss at 26600 for existing longs and enter into fresh long positions on dips till 26600. The Sensex will probably touch 27000 or higher before the BREXIT induced volatility kicks in.

Date 21-Jun-16
S2 26,733
S1 26,767
Sensex Previous Close                                     26,866.92 
R1 26,885
R2 27,044
Sensex Fair Value 28,044


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