Tuesday, August 20, 2019

The Sensex Outlook for the Day - 20-08-2019


The downtrend will only accelerate in the days to come. The Sensex is trying to consolidate around 37400, for how long it remains to be seen. Can build aggressive short positions at the current levels with a closing SL at 37546/11096.

Index Levels to Watch & Fair Value
Date 20-Aug-19
Index Sensex Nifty
S2            37,321           11,030
S1            37,358           11,041
Previous Close     37,402.49    11,053.90
R1            37,446           11,067
R2            37,493           11,081
Fair Value 29,712 8,781

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