Sunday, August 5, 2018

The Sensex Outlook for the Week Starting 06-08-2018




The near term target for the markets is ~38000.Its difficult to see fresh high's immediately post ~38000. 

As regards to supports/SL, the region around 37294-37320 is a strong support zone for now.

Whether you're already holding longs or looking to add longs, keep a strict trailing SL in the 37294-37320 zone for a target of ~38000.


Date 06-Aug-18
Index Sensex Nifty
S2 37,426 11,321
S1 37,486 11,339
Previous Close                               37,556.16 11,360.80
R1 37,582 11,368
R2 37,608 11,376
Fair Value 32,284 9,765



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