Sunday, June 19, 2016

The Sensex Outlook for the Week Starting 20-06-2016


On the face of it, the Sensex & the Nifty remain unchanged from the previous week, but it was a volatile week!

Going forward, into the BREXIT week, one can expect heightened volatility before and after the BREXIT vote on the 23rd.

Getting into the levels, the Sensex has a very strong supports at 26500 and at 26350 thereafter. As long as the Sensex is trading above these levels, the markets are in a "buy on dips" mode.

Anything negative or adverse coming out of the BREXIT vote should only be a momentary set-back for the markets.

Date
20-Jun-16
S2
26,433
S1
26,539
Sensex Previous Close
                                    26,625.91
R1
26,632
R2
26,723
Sensex Fair Value
27,864


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