The Sensex Outlook for the Week Starting 28-08-2017

The short term key for the markets is to sustain above 31500.

I'm not expecting a runaway rally right-away, but as long as 31500 holds the outlook remains largely stable for the markets. 

One can initiate small / staggered longs above 31500; keeping a trailing SL at 31485.

Date	28-Aug-17
Index	Sensex		Nifty
S2	31,485		9,822
S1	31,585		9,854
Previous Close	31,596.06		9,857.05
R1	31,607		9,860
R2	31,690		9,886
Fair Value	27,414		8,552

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