Thursday, August 16, 2018

The Sensex Outlook for the Day 16-08-2018




There is a small chance that the markets will attempt one more new high before imploding thereafter. Do not get swayed by the new high. 

In any case, going by the cues from SGX Nifty this morning, it doesn't look like the markets are going to display any fireworks on opening.


Date 16-Aug-18
Index Sensex Nifty
S2 37,789 11,417
S1 37,825 11,427
Previous Close                               37,852.00 11,435.10
R1 37,928 11,459
R2 37,994 11,479
Fair Value 38,261 11,559






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