Sunday, July 23, 2017

The Sensex Outlook for the Week Starting 24-07-2017



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.
Date24-Jul-17
IndexSensexNifty
S231,9009,875
S131,9639,895
Previous Close 32,028.89 9,915.25
R132,0629,926
R232,2619,987
Fair Value27,9038,638


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