Sunday, July 3, 2016

The Sensex Outlook for the Week Starting 04-07-2016

The trend continues to be upwards. Initiate longs at the current levels and on dips till 26938, for the targets of 27391,27461. The super support for the Sensex is at 26847. As long as the Sensex trades above this level, the trend continues to be upwards. At the same time, don't see the Sensex trading / sustaining above 27500 in the near term.

Date
4-Jul-16
S2
27,030
S1
27,061
Sensex Previous Close
                                    27,144.91
R1
27,150
R2
27,243
Sensex Fair Value
28,031


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