Wednesday, August 7, 2019

The Sensex Outlook for the Day 07-08-2019



Inspite of yesterday's rally, I remain bearish/cautious on the markets in the immediate / near term. Continue to hold on to the shorts/ put entered into yesterday.
Index Levels to Watch & Fair Value
Date 7-Aug-19
Index Sensex Nifty
S2            36,932           10,935
S1            36,953           10,941
Previous Close     36,976.85    10,948.25
R1            37,059           10,973
R2            37,154           11,001
Fair Value 30,329 8,980


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