Friday, July 24, 2015

The Sensex Outlook for the Day - 24-07-2015



We corrected again yesterday, as expected/given in this column yesterday.
We could correct further, however as long as 28175 is not broken – the overall short term bullish setup remains intact.
Only with a close below 28175, we could see the routine profit booking correction turn into something more sinister.
Keep a strict stop loss at 28175 for all long positions.

Date
24-Jul-15
S2
28,175
S1
28,315
Sensex Previous Close
                 28,370.84
R1
28,422
R2
28,548
Sensex Fair Value
25,526






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