Tuesday, July 12, 2016

The Sensex Outlook for the Day - 12-07-2016


Maybe there is some more steam left in the rally, but the technicals have raced far ahead of the fundamentals and too soon as well. The conviction for fresh longs is dying out. Book profits and sit on cash for now.

Date
12-Jul-16
S2
27,358
S1
27,180
Sensex Previous Close
                                    27,626.69
R1
27,544
R2
27,647
Sensex Fair Value
27,935



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