Monday, August 19, 2019

The Sensex Outlook for the Week Starting 19-08-2019


The markets manage to bounce off the lows of the day, 
but cannot sustain the highs as well. With the mildly positive cues from SGX Nifty and around, 
expect a positive opening. However, do not see a sustained rally/ upmove yet.
Its a matter of time before the supports around 37000-36950 break away.

Index Levels to Watch & Fair Value
Date 19-Aug-19
Index Sensex Nifty
S2            37,256           11,020
S1            37,300           11,033
Previous Close     37,350.33    11,047.80
R1            37,399           11,062
R2            37,444           11,076
Fair Value 29,501 8,726

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