Wednesday, August 29, 2018

The Sensex Outlook for the Day - 29-08-2018

The market can consolidate for a while, before taking on 39063-39200 odd levels as the final frontier.
Keep a trailing SL at 38700/11680 for all existing & fresh longs.
The short to medium term outlook continues to be bearish and we will see substantially lower levels in the days/weeks to come.

Date 29-Aug-18
Index Sensex Nifty
S2 38,829 11,717
S1 38,865 11,728
Previous Close                               38,896.63 11,738.50
R1 38,918 11,743
R2 39,296 11,857
Fair Value 31,996 9,655



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