Wednesday, July 29, 2020

The Sensex Outlook for the Day 29-07-2020

The markets have made a big and decisive move outside the  37769-38245 / 11083-11223 band. 
I expect the buoyancy of yesterday to remain further for a day or 2 before the markets start sinking downwards. 
It will be prudent to add to our Index shorts at every rise.
In stocks, we have an almost equal number of longs as well as shorts - which we will carry over into the August series.

Date29-Jul-20
IndexSensexNifty
S2           38,276           11,237
S1           38,355           11,260
Previous Close      38,492.95      11,300.55
R1           38,555           11,319
R2           38,793           11,389
Fair Value           31,310             9,192

Sensex.jpeg
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