Market Data

Sunday, July 24, 2016

The Sensex Outlook for the Week Starting 25-07-2016


There has been no perceptible change in the market outlook over the last week. The Sensex will continue to consolidate within the tight 27500-28000 band, with a slightly more volatile bias as we head towards the F&O expiry and the last of the earning’s season.
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. 

Date
25-Jul-16
S2
27,698
S1
27,761
Sensex Previous Close
                                    27,803.24
R1
27,832
R2
27,919
Sensex Fair Value
27,920
 
  

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