Monday, July 17, 2017

The Sensex Outlook for the Week Starting - 17-07-2017



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.
Date17-Jul-17
IndexSensexNifty
S231,9549,866
S132,0099,883
Previous Close 32,020.75 9,886.35
R132,1109,914
R232,43610,015
Fair Value27,9298,623


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