Sunday, September 25, 2016

The Sensex Outlook for the Week Starting 26-09-2016

Over the week gone by, the Sensex managed to range itself between 28460  & 28872, more or less in-line with the outlook given in this column last week. With the F&O expiry coming up , the Sensex will continue to consolidate in a tight band. We can hope to see a dash towards 29000/29200 by October 1st week, subject to 28533 not being broken on a closing basis.

Date
26-Sep-16
S2
28,594
S1
28,627
Sensex Previous Close
                                    28,668.22
R1
28,707
R2
28,795
Sensex Fair Value
26,876


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