Sunday, August 12, 2018

The Sensex Outlook for the Week Starting 13-08-2018




We are in a correction mode now and I'm not looking at the bottom anytime soon. Since you must have booked profits, time to short the markets and get into Puts, like we did on Friday.Whether you short or not, dont buy on dips or look for value buying anytime soon.


Date 13-Aug-18
Index Sensex Nifty
S2 37,816 11,414
S1 37,828 11,418
Previous Close                               37,869.23 11,429.50
R1 37,912 11,443
R2 37,921 11,446
Fair Value 32,208 9,722





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