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
| |
R1
|
27,827
|
R2
|
27,963
|
Sensex Fair Value
|
27,946
|
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