Thursday, July 7, 2016

The Sensex Outlook for the Day - 08-07-2016

There is no change in the outlook from yesterday. The Sensex, being so close to supports, will consolidate at the current levels. Buy at the current levels and on dips till 27000 for a near term target of 27500. The outlook will turn cautious from optimistic currently, only with a close below 27000.

Date
8-Jul-16
S2
27,147
S1
27,175
Sensex Previous Close
                                    27,201.49
R1
27,212
R2
27,288
Sensex Fair Value
28,033




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