Friday, August 16, 2019

The Sensex Outlook for the Day - 16-08-2019


While the cues from Singapore and beyond point to a positive opening; its difficult for the markets to sustain higher levels. Aggressive traders can short any opening rise as an Intraday as well as a Positional trade. 

Index Levels to Watch & Fair Value
Date 16-Aug-19
Index Sensex Nifty
S2            37,194           10,995
S1            37,274           11,018
Previous Close     37,311.53    11,029.40
R1            37,453           11,071
R2            37,474           11,077
Fair Value 29,694 8,778

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