Wednesday, July 6, 2016

The Sensex Outlook for the Day - 07-07-2016

It’s a relief that our markets were closed on the 6th,given the global cues - we could have seen a mini crash and would have been back to sub-27000 levels.
Going forward, the Sensex is poised at supports. Buy at the current levels and on dips till 26900 for a near term target of 27500.

Date
7-Jul-16
S2
27,127
S1
27,147
Sensex Previous Close
                                    27,166.87
R1
27,214
R2
27,326
Sensex Fair Value
28,068



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