Monday, February 20, 2017

The Sensex Outlook for the Week Starting 20-02-2017


Keep a trailing stop-loss at 28182 (closing basis) and hold on to your longs/ add on to longs for a near term target of 28931. Difficult to see the positive outlook continue post 29000/ FnO expiry, but make hay while the sun is shining now.
Date
20-Feb-17
Index
Sensex

Nifty
S2
28,220

8,745
S1
28,411

8,804
Previous Close
                                    28,468.75

              8,821.70
R1
28,479

8,825
R2
28,535

8,842
Fair Value
26,999

8,366
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