The Sensex moved contrary to the expectations given in
yesterday’s outlook. However, it just managed to settle at 28085, given as a
support yesterday. (“Initiate aggressive longs at current levels and on dips
till 28086.”).
There is no change in the near term outlook, continue to
initiate long positions, keeping a stop-loss at 27789.
Date 10-Aug-16
S2 27,858
S1 27,957
Sensex Previous Close 28,085.16
R1 28,111
R2 28,209
Sensex Fair Value 27,609
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