Market Data

Friday, August 21, 2020

The Sensex Outlook for the Day 21-08-2020

No matter what the cues from SGX Nifty suggest, the technical setup of the markets is badly damaged. A fall below 38044/11260 will push the markets towards 37700/11160.
The bulls will get some relief if the markets can close above and sustain 38353/11353.

Conservative traders can exit their positions (long as well short) within the 38044-38353 (11260-11353) band and look to initiate fresh trades from Monday.

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

Date 21-Aug-20
Index Sensex Nifty
S2  38,044   11,260 
S1  38,156   11,293 
Previous Close  38,220.39   11,312.20 
R1  38,258   11,323 
R2  38,279   11,330 
Fair Value  29,156   8,629 


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