The Sensex Outlook for the Day - 16-08-2017

Let the markets stabilize above 31400, before we see the green shoots of a fresh uptrend. Small staggered longs in the 31400-31500 band are a good idea for now.

Date	16-Aug-17
Index	Sensex		Nifty
S2	31,398		9,778
S1	31,425		9,787
Previous Close	31,449.03		9,794.15
R1	31,498		9,809
R2	31,554		9,827
Fair Value	27,433		8,543

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