Sunday, July 30, 2017

The Sensex Outlook for the Week Starting 31-07-2017



The Sensex corrected from 32670 odd levels (out of the short-term target of ~32700 given in this column last week).The market action on Friday was again in-line with the outlook given.
Going forward, we could see some more downside, before the markets resume the uptrend.
Buy on dips till 32104 (yesterday's low) and keep the same as a trailing SL.
Aggressive traders and those with a slightly medium term outlook can keep a trailing SL at 31881!

Date31-Jul-17
IndexSensexNifty
S232,2199,986
S132,26510,001
Previous Close 32,309.88 10,014.50
R132,32610,019
R232,35910,030
Fair Value27,9378,659

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