Wednesday, August 17, 2016

The Sensex Outlook for the Day - 18-08-2016


The lows continue to get higher and the highs struggle to rise higher. The best case scenario as of now is that the Sensex is making a very strong base at 27900-28000, but continued failure to cross 28200 will frustrate the bulls and could cause the overall market structure to crumble. However stock specific opportunities will abound and lets focus on the same, instead of looking at the Indices for now.

Date
18-Aug-16
S2
27,935
S1
27,960
Sensex Previous Close
                                    28,005.37
R1
28,174
R2
28,249
Sensex Fair Value
27,891



SureShotCall : SAIL - FUTSTK (LTP 48.35)*
Buy for a Target of  50 (S/L 47.20)
*NSE Code & Quote *LTP=LstTrdPrc
--
Raghav @ Raghav’s Picks
Raghvendra Narendra Dhoot

Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG

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