Market Data

Sunday, July 17, 2016

The Sensex Outlook for the Week Starting 18-07-2016



For now, the Sensex is in a trading range between 27500-28000. Don’t see the Sensex moving significantly above 28000 anytime soon; at the same time a close below 27500 will trigger a fresh downside towards the lows of the not so recent past. As the earnings’ season progresses, the Sensex will consolidate in the 27500-28000 and build the base for newer highs in the months to come.

This is a traders market and the levels are the traders’ best friends.

Date
18-Jul-16
S2
27,736
S1
27,750
Sensex Previous Close
                                    27,836.50
R1
27,874
R2
27,982
Sensex Fair Value
27,912

 



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