For now, the Sensex is in a trading range between 27500-28000. Don’t see the Sensex moving significantly above 28000 anytime soon; at the same time a close below 27500 will trigger a fresh downside towards the lows of the not so recent past. As the earnings’ season progresses, the Sensex will consolidate in the 27500-28000 and build the base for newer highs in the months to come.
This is a traders market and the levels are the traders’ best friends.
Sensex Previous Close
Sensex Fair Value
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