As if by magic, the Sensex just managed to close just above 26500, after going down all the way to 26315.There is no change in the near term outlook for the markets given yesterday - As long as the Sensex manages to stay above 26500, the underlying trend as well as the near term outlook remains positive.
Buy on all dips till 26500 for a near term target of 26900. Will relook at the underlying trend only above 26900 or below 26500.
Sensex Previous Close
Sensex Fair Value
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