Market Data

Wednesday, August 12, 2020

The Sensex Outlook for the Day 12-08-2020

Even though the Closing SL (38221 / 11267) was triggered for conservative traders - the nearterm bearish outlook still holds.
Till the time the markets do not take out the levels of 38600/11380 on a closing basis, the outlook remains a SELL only.
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 12-Aug-20
Index Sensex Nifty
S2            38,332            11,300
S1            38,366            11,310
Previous Close       38,407.01       11,322.50
R1            38,425            11,328
R2            38,556            11,367
Fair Value            29,801              8,785


By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at 


Sent from Mail for Windows 10    

Subscribe via email

Enter your email address:

Delivered by FeedBurner