Sunday, January 1, 2017

The Sensex Outlook for the Week Starting 02-01-2017



Wishing you a Very Happy New Year 2017!!!


Initiate aggressive longs at the current levels and on dips till 26400, for a near term target of 26800 – 27000. The outlook for the near term is cautiously optimistic and will change to the contrary only with a close below 26400.

Date
2-Jan-17
Index
Sensex
Nifty
S2
26,407
8,118
S1
26,508
8,149
Previous Close
                                    26,626.46
              8,185.80
R1
26,679
8,202
R2
26,792
8,237
Fair Value
26,055
8,010


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