Sensex - Technical Outlook and Trading Levels, 16 October 2017

Today, 32700 is the crucial intraday level for Sensex.

If Sensex sustains below 32700, then it could test 32650 and below that level it could test 32600.

Instead, if Sensex trades above 32700, then it could test 32800.

Short term Technical View of Sensex

The level 32700 is crucial for the short term. If it sustains above this level, then it could test 350000 .Instead, if it fails to trade above this level, then it could decline towards 26500 levels.

Medium term outlook of Sensex dated on 10 October 2017

The medium term outlook of Sensex would remain bullish if it sustains above 26500 and it is likely to test 35000 levels. 

Long term outlook of Sensex dated on 10 October 2015

The long term outlook of Sensex is looking bullish and it seems that Sensex is likely to rally towards 37500 levels in coming months. This view holds good as long as it sustains above 26500.