I had given a target of 32002 on the Sensex more than a week ago, at the same I have been very cautious on the markets for the last 3-4 days as the pace of the current rally is worrying, if not frightening. Even now, my short term target for the Sensex is ~32700; however I would be more comfortable if the markets pause or consolidate for a bit. Keep a trailing SL at 31892 (yesterday's low) or 31781 is you're an aggressive trader.
| Date | 14-Jul-17 | ||
| Index | Sensex | Nifty | |
| S2 | 31,947 | 9,864 | |
| S1 | 32,007 | 9,882 | |
| Previous Close | 32,037.38 | 9,891.70 | |
| R1 | 32,092 | 9,908 | |
| R2 | 32,415 | 10,008 | |
| Fair Value | 27,859 | 8,602 | |
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