Tuesday, January 3, 2017

The Sensex Outlook for the Day - 03-01-2017



The Sensex faces tremendous resistance at 26800-odd levels. At the same time, by not breaking 26400, the near term positive outlook is intact. Continue to initiate longs at current levels and on dips till 26400; for 26800 will be taken out – sooner than later.
Date
3-Jan-17
Index
Sensex

Nifty
S2
26,447

8,134
S1
26,588

8,177
Previous Close
                                    26,595.45

              8,179.50
R1
26,610

8,184
R2
26,721

8,218
Fair Value
26,225

8,066



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