The RBI governor’s supposedly unceremonious exit was the least of the market’s concerns as the Sensex went out to make a mini-breakout of sorts.
Going forward, keep a trailing stop-loss at 26600 for existing longs and enter into fresh long positions on dips till 26600. The Sensex will probably touch 27000 or higher before the BREXIT induced volatility kicks in.
Sensex Previous Close 26,866.92
Sensex Fair Value 28,044
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