Wednesday, August 19, 2020

The Sensex Outlook for the Day 19-08-2020

The markets are almost knocking/already knocked at the SL levels/ trend reversal levels of 38541/11375.

However, sustaining these levels still remains to be seen.

Conservative traders can reduce their short positions - others can continue with their shorts / continue to add shorts in-line with their MTM capacity and risk appetite.


In stocks, we continue to have aggressive longs as well as shorts.
Date 19-Aug-20
Index Sensex Nifty
S2  38,369   11,338 
S1  38,410   11,351 
Previous Close  38,528.32   11,385.35 
R1  38,571   11,398 
R2  38,696   11,435 
Fair Value  29,018   8,575 


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