Monday, August 8, 2016

The Sensex Outlook for the Week Starting 08-08-2016


Friday’s rally has still some steam left, soon the Sensex will consolidate between 28200-28500. Continue to initiate longs for a  near term target of 28500+ with a trailing stop-loss at 27690.

Date
8-Aug-16
S2
27,995
S1
28,016
Sensex Previous Close
                                    28,078.35
R1
28,110
R2
28,245
Sensex Fair Value
27,600


























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