Tuesday, December 20, 2016

The Sensex Outlook for the Day - 20-12-2016



With 26400 broken and now posing as a strong resistance, it’s a wait and watch on the markets for now. Trade cautiously and at the same time, don’t hurry to lighten the existing longs. The tide could turn once again. If the markets were to retest the recent lows, they will give sufficient warnings and chances to exit longs – so don’t exit longs in a hurry now.

Date
20-Dec-16
S2
26,264
S1
26,340
Sensex Previous Close
                                    26,374.70
R1
26,401
R2
26,456
Sensex Fair Value
26,134




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