Tuesday, July 19, 2016

The Sensex Outlook for the Day - 20-07-2016



The Sensex managed to bounce back from the lows of the day, somewhere in between the support levels given earlier – 27697 & 27588. Above 27751, we could see the Sensex rally towards 28000, so initiate small longs at the current levels for a target of 28000, keeping a trailing stop-loss at 27751 or 27691 depending on your risk appetite.

Date
20-Jul-16
S2
27,691
S1
27,751
Sensex Previous Close
                                    27,787.62
R1
27,827
R2
27,963
Sensex Fair Value
27,946




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