Thursday, August 4, 2016

The Sensex Outlook for the Day - 05-08-2016

Downside from current levels looks restricted to ~27600 levels, however, the path upwards is littered with resistances. Best to take it off before the weekend and look for fresh cues on Monday.

Date
5-Aug-16
S2
27,531
S1
27,628
Sensex Previous Close
                                    27,714.37
R1
27,740
R2
27,755
Sensex Fair Value
27,668























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