The Sensex missed the near term target of 27391 given yesterday by a whisker. At the same time, she could not sustain above 27300 also. This does not bode well for the markets at the moment.
The outlook has turned cautious.
With a trading holiday on Wednesday, it makes sense to book profits and lighten positions wherever possible.
Date
|
5-Jul-16
|
S2
|
27,233
|
S1
|
27,251
|
Sensex Previous Close
|
27,278.76
|
R1
|
27,305
|
R2
|
27,386
|
Sensex Fair Value
|
27,972
|
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