The worst is behind us, at least in the short term. And even if the volatility were to return, the recent lows wouldn’t be broken.
Initiate longs at the current levels.
While we are not looking at short term targets, the markets will give ample opportunities to sell high and re-enter at lower levels.
Keep a trailing stop loss below 25957.
Sensex Previous Close
Sensex Fair Value
Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG