Tuesday, August 6, 2019

The Sensex Outlook for the Day 06-08-2019



With key supports broken during trade yesterday, the markets have more downside pain left. And the global cues this morning are no better. We could see 36100/10700 before finally stabilizing. Avoid fishing in these waters.

Index Levels to Watch & Fair Value
Date 6-Aug-19
Index Sensex Nifty
S2            36,573           10,825
S1            36,654           10,849
Previous Close     36,699.84    10,862.60
R1            36,839           10,904
R2            36,945           10,935
Fair Value 30,196 8,938

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