Wednesday, January 4, 2017

The Sensex Outlook for the Day - 05-01-2017


There is tremendous resistance at ~26720 odd levels. While the supports seem to be in place, the resistance zone needs to be cleared before the bulls get tired and give way to the bears. Only aggressive traders can continue to initiate longs at current levels and on dips till 26400 with a view on the expiry.

Date
5-Jan-17
Index
Sensex

Nifty
S2
26,514

8,154
S1
26,606

8,182
Previous Close
                                    26,633.13

              8,190.50
R1
26,654

8,197
R2
26,723

8,218
Fair Value
26,187

8,053



Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG


Subscribe via email

Enter your email address:

Delivered by FeedBurner