Thursday, August 22, 2019

The Sensex Outlook for the Day - 22-08-2019


While the trend remains clearly down, a brief uptick from the current levels cannot be ruled out. The markets will try to regain 37400/11020, but reaching there and staying there are 2 different things.
Index Levels to Watch & Fair Value
Date 22-Aug-19
Index Sensex Nifty
S2            36,974           10,893
S1            37,023           10,908
Previous Close     37,060.37    10,918.70
R1            37,150           10,945
R2            37,200           10,960
Fair Value 29,567 8,711

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