Sunday, July 10, 2016

The Sensex Outlook for the Week Starting 11-07-2016



Currently the Sensex is trading inside a range within a range, within a larger bullish undertone.
The immediate trading range for the Sensex is between 27000 and 27300.
I would advise to buy aggressively below 27000 and look to lighten positions above 27300-27400.
The bullish undertone would come under threat only with a close below 26800; at the same time, we could see a short term market top between 27500-28000. This is a traders market and the levels are the traders' best friends.

Date
11-Jul-16
S2
27,034
S1
27,103
Sensex Previous Close
                                    27,126.90
R1
27,152
R2
27,295
Sensex Fair Value
28,026



Disclaimer and Exclusion of Liability - http://www.raghavs-picks.com/disclaimer.JPG


Sent from Mail for Windows 10


Subscribe via email

Enter your email address:

Delivered by FeedBurner