Tuesday, August 7, 2018

The Sensex Outlook for the Day 07-08-2018




There is no change in the near term market outlook - the near term target for the markets is ~38000.

Its difficult to see fresh high's immediately post ~38000. 

As regards to supports , it would be a good idea to increase the SL to 37364-37471.

Date 07-Aug-18
Index Sensex Nifty
S2 37,508 11,332
S1 37,639 11,371
Previous Close                               37,691.89 11,387.10
R1 37,713 11,394
R2 37,759 11,408
Fair Value 32,200 9,728



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