Tuesday, August 11, 2020

The Sensex Outlook for the Day 11-08-2020

The markets seem to lack momentum on the upside as well as downside.
We continue to remain a short view on the NIFTY.
Conservative traders keep a Closing SL at 38221 (11267) for all short positions. The near term targets on the downside are 37807 (11145) and 37498 (11054).
In stocks, we continue to have aggressive longs as well as shorts.

Date 11-Aug-20
Index Sensex Nifty
S2            38,083            11,241
S1            38,135            11,256
Previous Close       38,182.08       11,270.15
R1            38,229            11,284
R2            38,252            11,291
Fair Value            29,914              8,830


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