Market Data

Wednesday, August 26, 2020

The Sensex Outlook for the Day 26-08-2020

There is no change in the near term market from yesterday.
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 - rather than take a directional call on the NIFTY or BANKNIFTY. 

The BANKNIFTY is also poised at an important level and can go either way from here - any direction, the move will be HUGE.

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

S2 38,693 11,428
S1 38,828 11,468
Previous Close 38,843.88 11,472.25
R1 38,899 11,489
R2 39,066 11,538
Fair Value 28,592 8,444 


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