Monday, April 10, 2017

The Sensex Outlook for the Week Starting 09-04-2017

The markets consolidated on expected lines last week. Going forward we do see some strong resistances immediately ahead – which could prolong the consolidation phase for now.
Continue to add to your longs, on all dips till 29500.
29500 is the border between a positive near term outlook and a negative near term outlook.
Date
10-Apr-17
S2
29,593

9,227
S1
29,668

9,250
Previous Close
                                    29,706.61

              9,261.95
R1
29,754

9,277
R2
29,768

9,281
Fair Value
26,432

8,241

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