The Sensex Outlook for the Day - 01-12-2016

                                                       

The Sensex is now nearing the resistance zone @ ~26800. Failure to decisively cross this zone, could result in a fall-back to the recent lows. While I don’t see fresh lows for the markets anytime soon, we could end up in a wide consolidate range between 25900-26800. Increase the trailing stop-loss from 26246 to 26400. Continue to look at stock-specific opportunities than at the broader markets for now.

Date	1-Dec-16
S2	26,561
S1	26,576
Sensex Previous Close	26,652.81
R1	26,681
R2	26,793
Sensex Fair Value	26,269

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Sensex Outlook & Volatility Watch for the week starting 29-09-2014

Volatility Watch & Sensex Outlook for the week -

Date	11-07-07 (Base Value)	22-Sep-14	23-Sep-14	24-Sep-14	25-Sep-14	26-Sep-14
SENSEX	14910.62	27206.74	26775.69	26744.69	26468.36	26626.32
Raghav's Picks Sensex Volatility Indicator	100	100.17	92.85	85.13	88.14	88.41

 

The Sensex is back in the 26500-26800 trading range.

The near term trend will turn negative only with a close below 26400.

With a truncated trading week, followed by a long weekend, its a traders market only.So initiate and keep your positions accordingly.

Date	29-Sep-14
S2	26,377
S1	26,523
Sensex Previous Close	26,626.32
R1	26,721
R2	26,793
Medium Term Fair Value (6-12 months)	29,681

                                                                                                   

                                                                                            

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