Wednesday, August 28, 2019

The Sensex Outlook for the Day 28-08-2019



Continue to remain short / negative on the markets for the short term. In the near term, expecting extreme volatility with a negative bias. Any rise can be used to initiate shorts.
Index Levels to Watch & Fair Value
Date 28-Aug-19
Index Sensex Nifty
S2            37,592           11,091
S1            37,607           11,095
Previous Close     37,641.27    11,105.35
R1            37,732           11,132
R2            37,808           11,154
Fair Value 29,648 8,747


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