Sunday, August 26, 2018

The Sensex Outlook for the Week Starting 27-08-2018

The markets are poised just above the crucial supports of 38200/11540 - below these levels, we could break 38000/11500. 
On the upside, if the markets manage to cross 38300/11570, we could see the near term rally extend all the way to 38500+/11600+.

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

Date 27-Aug-18
Index Sensex Nifty
S2 38,173 11,533
S1 38,200 11,541
Previous Close                               38,251.80 11,557.10
R1 38,280 11,565
R2 38,294 11,569
Fair Value 32,012 9,671



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