Tuesday, August 23, 2016

The Sensex Outlook for the Day - 24-08-2016


The outlook remains completely unchanged from yesterday’s : - “The Sensex is precariously close to SL levels and Supports. However the underlying trend has not yet turned negative from neutral. Will the price consolidation give way to time correction or to a break-out, the odds are evenly in favour of both as of now.”

However, this is the perfect time for the bulls to take positions; keeping a SL at 27854 (Yesterday’s Low).

Date
24-Aug-16
S2
27,933
S1
27,958
Sensex Previous Close
                                    27,990.21
R1
28,029
R2
28,128
Sensex Fair Value
27,930



























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