Wednesday, August 5, 2020

The Sensex Outlook for the Day 05-08-2020

Even though the indices managed to close marginally above the SL levels given yesterday (37596/11085), the initial targets on the downside - namely 36899/10880 still hold.

Hold on to your Index shorts as per your risk appetite and holding capacity.

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

Date 5-Aug-20
Index Sensex Nifty
S2            37,493            11,038
S1            37,608            11,072
Previous Close       37,687.91       11,095.25
R1            37,746            11,112
R2            37,860            11,146
Fair Value            29,972              8,824



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