Thursday, July 2, 2015

The Sensex Outlook for the day - 02-07-2015



With Yesterday’s rise the Sensex has attempted a mini-breakout of sorts.
If it manages to hold above 28000, we are in for higher levels sooner than expected.
Otherwise we could go back to some consolidation in the 27800-28000 band.
Aggressive traders can buy on dips with a trailing stop loss at 27526.
Date
02-Jul-15
S2
27,870
S1
27,973
Sensex Previous Close
                 28,020.87
R1
28,099
R2
28,245
Medium Term Fair Value (6-12 months)
25,405



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