Thursday, August 25, 2016

The Sensex Outlook for the Day - 26-08-2016


Out of the 2 scenarios being outlined in this column since the last few days, the Sensex chose the one which goes towards sub 27700 levels. Inspite of today’s fall,the markets continue to be in No-Man’s land as far as a clear near-term trend is concerned. Take a break today and wait for Monday for a more clearer trend as to the market direction.

Date
26-Aug-16
S2
27,689
S1
27,803
Sensex Previous Close
                                    27,835.91
R1
27,873
R2
27,931
Sensex Fair Value
27,912



















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