Wednesday, August 14, 2019

The Sensex Outlook for the Day - 14-08-2019


While the near term target remains at ~36000 for the Sensex, be wary of shorting the markets today. We could possibly see a small relief rally. Best to wait till next week for fresh aggressive shorts. 

Index Levels to Watch & Fair Value
Date 14-Aug-19
Index Sensex Nifty
S2            36,537           10,801
S1            36,888           10,905
Previous Close     36,958.16    10,925.85
R1            36,983           10,933
R2            37,095           10,966
Fair Value 29,789 8,806





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