Sunday, February 5, 2017

The Sensex Outlook for the Week Starting 06-02-2017

 

Technically, the markets are favorably placed for further upsides from the current levels. However higher levels also mean that the vulnerability of the markets to unexpected external shocks and even the election results is higher.
Remain long, keep adding to your longs on dips upto 27930. The trend will change to negative only with a decisive close below 27776. In the absence of any shocks, the rally could extend itself to 28750-29000 also!

Date
06-Feb-17
Index
Sensex

Nifty
S2
28,127

8,706
S1
28,216

8,733
Previous Close
                                    28,240.52

              8,740.95
R1
28,281

8,753
R2
28,387

8,786
Fair Value
26,255

8,126




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