Sunday, August 20, 2017

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.

Date21-Aug-17
IndexSensexNifty
S231,3499,783
S131,4889,826
Previous Close31,524.68 9,837.40
R131,5359,840
R231,6359,872
Fair Value27,3848,545



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