The markets are poised at what seems to be the near-term top. We could either rise fast towards 32600/32700 or get into a free-fall from here.
Keep a trailing SL at 32221 or 32160 depending on your risk appetite.
Personally, I will continue to initiate aggressive longs for the targets of 32600/32700; keeping a trailing SL at 32160.
| Date | 27-Jul-17 | ||
| Index | Sensex | Nifty | |
| S2 | 32,341 | 10,008 | |
| S1 | 32,370 | 10,017 | |
| Previous Close | 32,382.46 | 10,020.65 | |
| R1 | 32,414 | 10,030 | |
| R2 | 32,644 | 10,101 | |
| Fair Value | 28,117 | 8,701 | |
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