Market Data

Friday, August 30, 2019

The Sensex Outlook for the Day 30-08-2019

While the markets are no track for the short term targets of 35900/10600, a brief bounce from the current levels cannot be ruled out. The bears are better off booking some profits before the long weekend. We can always short afresh from Tuesday onwards. Do not look for any bottom fishing opportunities or read too much into the bounce (if any at all).
Index Levels to Watch & Fair Value
Date 30-Aug-19
Index Sensex Nifty
S2            36,545           10,794
S1            36,987           10,924
Previous Close     37,068.93    10,948.30
R1            37,146           10,971
R2            37,180           10,981
Fair Value 29,763 8,791

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