Sunday, January 8, 2017

The Sensex Outlook for the Week Starting 09-01-2017


The near term outlook remains positive as long as the Sensex trades above 26738 (for conservative traders) or 26611 (for aggressive traders). There is heavy duty resistance between 26800-26900. Above 26943 (the 200 DMA), the rally will gain momentum.

Date
9-Jan-17
Index
Sensex

Nifty
S2
26,693

8,223
S1
26,733

8,236
Previous Close
                                    26,759.23

              8,243.80
R1
26,834

8,267
R2
26,883

8,282
Fair Value
26,185

8,067


















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