Wednesday, July 1, 2015

The Sensex Outlook for the day - 01-07-2015



The markets are fairly close to both, near term supports and resistances.
Expect the Sensex to trade in a tight band with a slightly negative bias.
The near term outlook will turn bearish with a close below 27485.
Aggressive traders can buy on dips with a trailing stop loss at 27485.
Date
01-Jul-15
S2
27,571
S1
27,722
Sensex Previous Close
                 27,780.83
R1
27,811
R2
27,815
Medium Term Fair Value (6-12 months)
25,458




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