One can start initiating longs with a strict closing stop-loss at 26405.The relative ease with which the tide seems to have turned in favor of the bulls, looks scary. Too early to say if it's a bull-trap or a bear trap.
Date
|
30-May-16
|
S2
|
26,405
|
S1
|
26,579
|
Sensex Previous Close
|
26,653.60
|
R1
|
26,677
|
R2
|
26,919
|
Sensex Fair Value
|
27,768
|
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