Tuesday, August 16, 2016

The Sensex Outlook for the Day - 17-08-2016

While earlier lows are not being violated, the resistances too seem to be a tad difficult to surmount. Failure to cross 28200 decisively could lead to a breakdown in the market structure. On the downside, 27900 is a strong interim support for the Sensex.
Date
17-Aug-16
S2
27,847
S1
27,943
Sensex Previous Close
                                    28,064.61
R1
28,102
R2
28,261
Sensex Fair Value
27,827




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