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
