Friday, August 17, 2018

The Sensex Outlook for the Day 17-08-2018





There is no change in the near term outlook. I will be surprised if the markets implode before making a new High.
 Do not get swayed by the new high. 
The high would be followed by sub-10000 levels for the Nifty in the months,if not weeks to come.


Date 17-Aug-18
Index Sensex Nifty
S2 37,628 11,375
S1 37,634 11,377
Previous Close                               37,663.56 11,385.05
R1 37,720 11,403
R2 37,730 11,406
Fair Value 31,996 9,672

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