Expect a weak start to the week, in-line with the negative global cues over the weekend/last Friday. However, the risk-reward ratio favors a buy on dips strategy till 28400, for a near term target of 29300. Since we have a lot of news flow coming in and it’s a truncated trading week, the volatility will be on the higher side. So stagger your longs accordingly.
Date
|
12-Sep-16
|
S2
|
28,659
|
S1
|
28,755
|
Sensex Previous Close
|
28,797.25
|
R1
|
28,840
|
R2
|
28,872
|
Sensex Fair Value
|
27,747
|
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