Tuesday, August 13, 2019

The Sensex Outlook for the Day - 13-08-2019

Inspite of the rally of the last 2 trading sessions, the setup remains weak/neutral with the upsides capped from the current levels. We could see stock-specific action 
but given the truncated trading week - the best case scenario for the markets would be range-bound consolidation around the current levels.
Index Levels to Watch & Fair Value
Date13-Aug-19
IndexSensexNifty
S2           37,439          11,067
S1           37,497          11,085
Previous Close    37,581.91   11,109.65
R1           37,599          11,115
R2           37,667          11,135
Fair Value29,7148,784

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