While the short-term target for the Sensex is ~32700, the fear of a near-term jerk or reversal is very much real. Hold on to your longs & buy on dips till 31903 (31841 for aggressive traders) for the short-term target of ~32700. Only a close below 31841 should alter the short-term bullish setup of the markets.
| Date | 17-Jul-17 | ||
| Index | Sensex | Nifty | |
| S2 | 31,954 | 9,866 | |
| S1 | 32,009 | 9,883 | |
| Previous Close | 32,020.75 | 9,886.35 | |
| R1 | 32,110 | 9,914 | |
| R2 | 32,436 | 10,015 | |
| Fair Value | 27,929 | 8,623 | |
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