Sunday, September 11, 2016

The Sensex Outlook for the Week Starting 12-09-2016


Expect a weak start to the week, in-line with the negative global cues over the weekend/last Friday. However, the risk-reward ratio favors a buy on dips strategy till 28400, for a near term target of 29300. Since we have a lot of news flow coming in and it’s a truncated trading week, the volatility will be on the higher side. So stagger your longs accordingly.

Date
12-Sep-16
S2
28,659
S1
28,755
Sensex Previous Close
                                    28,797.25
R1
28,840
R2
28,872
Sensex Fair Value
27,747




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