Friday, November 18, 2016

The Sensex Outlook for the Day - 18-11-2016

                                                       

There is no change in the near term outlook for the markets. Expect the Sensex to consolidate above 26000. Don’t short at these levels and at the same time, keep a strict trailing stop-loss at 26000/26100 for all existing longs. Fresh longs can wait till next week.

Date
18-Nov-16
S2
26,155
S1
26,216
Sensex Previous Close
                                    26,227.62
R1
26,278
R2
26,450
Sensex Fair Value
26,153




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