Market Data

Thursday, August 20, 2020

The Sensex Outlook for the Day 20-08-2020

We added fresh shorts at the closing time yesterday - because sustaining the current levels is still circumspect for the markets.

With the cues that we have from SGX Nifty this morning - the latest shorts should pay-off well. I expect the markets to close the weak near 38115/11261, if not further down.

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

Date 20-Aug-20
Index Sensex Nifty
S2  38,551   11,389 
S1  38,586   11,400 
Previous Close  38,614.79   11,408.40 
R1  38,651   11,419 
R2  38,789   11,460 
Fair Value  29,095   8,596 


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