Monday, August 1, 2016

The Sensex Outlook for the Day - 02-08-2016

The Sensex almost touched the near term target of 28289 (intraday High - 28284.85) given in the weekly outlook yesterday. As we move towards the GST climax, expect heightened volatility around the 28000 zone. Come what may, as long as 27727 ( the suggested S/L level for August bulls) is not broken, we are on track to see newer highs in the weeks and not months to come.

Date
2-Aug-16
S2
27,874
S1
27,992
Sensex Previous Close
                                    28,003.12
R1
28,054
R2
28,253
Sensex Fair Value
27,579






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