Wednesday, August 12, 2020

The Sensex Outlook for the Day 13-08-2020


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 13-Aug-20
Index Sensex Nifty
S2            38,250            11,273
S1            38,320            11,294
Previous Close       38,369.63       11,308.40
R1            38,414            11,322
R2            38,467            11,337
Fair Value            29,873              8,804


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