Tuesday, August 28, 2018

The Sensex Outlook for the Day - 28-08-2018


The markets took on the resistance levels and subsequently made it to the targets given yesterday.
Going forward, the markets can possibly build on yesterday's gains and head towards 39000/118000 in the extreme near term.
Keep a trailing SL at 38428/11612 for all existing & fresh longs.

The short to medium term outlook continues to be bearish and we will see substantially lower levels in the weeks to come.

Date 28-Aug-18
Index Sensex Nifty
S2 38,551 11,650
S1 38,616 11,670
Previous Close                               38,694.11 11,691.95
R1 38,716 11,700
R2 39,054 11,802
Fair Value 31,815 9,615



Subscribe via email

Enter your email address:

Delivered by FeedBurner