Sensex - Technical Outlook and Trading Levels, 07 August 2015

Today, 28350 is the crucial intraday level for Sensex.

If Sensex sustains below 28350, then it could test 28240 and below that level it could test 28200.

Instead, if Sensex trades above 28350, then it could test 28550.

Short term Technical View of Sensex

The level 26400 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 25000 levels.

Medium term outlook of Sensex dated on 12 June 2015

The medium term outlook of Sensex would remain bullish if it sustains above 25000 and it is likely to test 30000 levels. If it fails to sustain above 25000, then it is likely to decline towards 22500.

Long term outlook of Sensex dated on 12 June 2015

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 22500.