The short-term target for the Sensex is ~32700.The F&O expiry week could see heightened volatility - which is nothing new for the markets now.
Hold on to your longs & buy on dips till 31900 (31821 for aggressive traders).The same levels should be used as trailing SL levels depending on your risk-appetite.
I'm not suggesting buying at current levels now because the region between 32062-32200 is a potential consolidation zone which will further test the patience of near-term traders.
| Date | 24-Jul-17 | ||
| Index | Sensex | Nifty | |
| S2 | 31,900 | 9,875 | |
| S1 | 31,963 | 9,895 | |
| Previous Close | 32,028.89 | 9,915.25 | |
| R1 | 32,062 | 9,926 | |
| R2 | 32,261 | 9,987 | |
| Fair Value | 27,903 | 8,638 | |
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