The Sensex Outlook for the Week Starting 21-08-2017

Our markets are tantalizingly close to strong support levels; however given the fluid and volatile global geo-political situation, gains would be kept in check for now.

Only aggressive traders can look at stock-specific opportunities or play the indices with strict SL levels.They can use dips upto 31349 to initiate small longs.

Otherwise also,31349 is a good level to keep a trailing SL at.

Date	21-Aug-17
Index	Sensex		Nifty
S2	31,349		9,783
S1	31,488		9,826
Previous Close	31,524.68		9,837.40
R1	31,535		9,840
R2	31,635		9,872
Fair Value	27,384		8,545

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