Market Data

Monday, August 5, 2019

The Sensex Outlook for the Week Starting 05-08-2019

While the markets are still trading below key levels including the 200 DMA, as long as they trade above 36600/10850, we can expect that price correction has given way to time correction. Any fall till 36800/10900 can be used to initiate trading longs. However the time to resume investments or bottom fishing hasn't come yet, unless you're a mutual fund investor.

Index Levels to Watch & Fair Value
Date 5-Aug-19
Index Sensex Nifty
S2            37,034           10,972
S1            37,085           10,988
Previous Close     37,118.22    10,997.35
R1            37,185           11,017
R2            37,206           11,023
Fair Value 29,533 8,750

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at  

Subscribe via email

Enter your email address:

Delivered by FeedBurner