Tuesday, August 25, 2020

The Sensex Outlook for the Day 25-08-2020


The markets have been taking on all resistance levels and the SL levels for shorts have been progressively triggered.
However, the conviction to go long on the NIFTY is absent. If you're a conservative trader, stick to stock-specific opportunities.

Aggressive traders can continue to remain short (you can hedge your shorts with ITM Calls) as per your holding capacity.


Date 25-Aug-20
Index Sensex Nifty
S2            38,720            11,443
S1            38,747            11,451
Previous Close       38,799.08       11,466.45
R1            38,895            11,495
R2            39,006            11,528
Fair Value            28,558              8,440


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