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 


--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

 

Sent from Mail for Windows 10    

Subscribe via email

Enter your email address:

Delivered by FeedBurner