Market Data

Wednesday, August 11, 2021

The Sensex Outlook for the Day 11-08-2021

Again,there is no change in the near term outlook for the markets - however the markets will be volatile.

And don't expect any fireworks outside of the SENSEX/NIFTY & BANKNIFTY universe - so trade accordingly or you will miss the rally in the frontline indices while waiting for some action in the midcaps and smallcaps which may not happen for a long time. 

Any dip is an opportunity to add aggressively to your long positions. 
For the day, 54214/16194/35735 are strong supports for the markets.
The closing targets of 54605/16365/36750 and 55045/16460/37300 are safe as long as the markets are trading above 52940/15813/34956.
Conservative traders can keep their SL at these levels.

11 Aug 21
IndexSensexNifty
S2 54,432 16,244
S1 54,504 16,265
Previous Close 54,554.66 16,280.10
R1 54,666 16,313
R2 54,780 16,347
Fair Value 38,790 11,576 


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