Sunday, February 26, 2017

The Sensex Outlook for the Week Starting 27-02-2017


Difficult to see the markets sustain the rally too much above 29100/9000 for now. Keep a trailing stop-loss at 28749 (closing basis) and hold on to your longs as we move into what is possibly the last leg of the current rally. A time and or price correction is very much in the works.
Date
27-Feb-17
Index
Sensex

Nifty
S2
28,749

8,895
S1
28,860

8,929
Previous Close
                                    28,892.97

              8,939.50
R1
28,940

8,954
R2
29,065

8,993
Fair Value
26,817

8,297


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