Friday, July 14, 2017

The Sensex Outlook for the Day - 14-07-2017


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.

Date14-Jul-17
IndexSensexNifty
S231,9479,864
S132,0079,882
Previous Close32,037.38 9,891.70
R132,0929,908
R232,41510,008
Fair Value27,8598,602


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