Sunday, January 29, 2017

The Sensex Outlook for the Week Starting 30-01-2017


Going into the Budget week, we could see the markets oscillate in either directions!

Traders with an extremely near term outlook should keep a strict trailing SL below 27700. While it makes sense to ride any further upside from the current levels, it will not be a buy-on-dips market, even for long term investors.

Date
30-Jan-17
Index
Sensex

Nifty
S2
27,759

8,603
S1
27,874

8,639
Previous Close
                                    27,882.46

              8,641.25
R1
27,980

8,672
R2
28,106

8,711
Fair Value
26,183

8,115




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