Sunday, December 25, 2016

The Sensex Outlook for the Week Starting 26-12-2016

We could see an intraday/intraweek drop to 25800-25700 odd levels – any drop to this zone should be used at a buying opportunity keeping a stop-loss at 25684.
While the resistances at higher levels stand as they are and still look difficult to surmount in the near term, any dips to 25700-25800 levels, will be a great buying opportunity from a short/medium and 2017 horizon.
Date
26-Dec-16
S2
26,009
S1
26,019
Sensex Previous Close
                                    26,040.70
R1
26,143
R2
26,263
Sensex Fair Value
26,145


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