Friday, August 4, 2017

The Sensex Outlook for the Day - 04-08-2017

I expected the markets to bounce-back yesterday only, but it wasnt so. For today, again a bounce back cannot be ruled out, but a clearer picture on the short-term uptrend will be visible only with a close above 32351.The SL for existing longs stands 32124.

Date4-Aug-17
IndexSensexNifty
S232,1249,978
S132,19510,000
Previous Close32,237.88 10,013.65
R132,31210,037
R232,35110,049
Fair Value27,1338,428



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