Tuesday, August 4, 2020

The Sensex Outlook for the Day 04-08-2020


The initial targets of 37000/10900 given in this column were taken out too effortlessly. We continue to remain short on the indices to break 36899/10880 in the coming days.
Conservative traders can keep a closing SL at 37596/11085 for their short positions.

In stocks, we continue to have aggressive longs as well as shorts.

Date 4-Aug-20
Index Sensex Nifty
S2            36,899            10,880
S1            36,911            10,883
Previous Close       36,939.60       10,891.60
R1            37,149            10,953
R2            37,244            10,981
Fair Value            30,004              8,847

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