Today, 27500 is the crucial intraday level for Sensex.
If Sensex sustains below 27500, then it could test 27380 and below that level it could test 27300.
Instead, if Sensex trades above 27500, then it could test 27600.
Short term Technical View of Sensex
The level 27700 is crucial for the short term. If it sustains above this level, then it could test 29500. Instead, if it fails to trade above this level, then it could decline towards 26000 levels.
Medium term outlook of Sensex dated on 02 December 2014
The medium term outlook of Sensex would remain bullish if it sustains above 28000 and it is likely to test 30000 levels. If it fails to sustain above 28000, then it is likely to decline towards 27000.
Long term outlook of Sensex dated on 20 December 2014
The long term outlook of Sensex is looking bullish and it seems that Sensex is likely to rally towards 32000 levels in coming months. This view holds good as long as it sustains above 28000.
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