Market Data

Friday, August 20, 2021

The Sensex Outlook for the Day 20-08-2021

This is not the 1st instance when we had a mid-week trading holiday and the global markets crashed taking SGX Nifty also with them - Maybe the desi bulls are just too lucky, which makes them resilient BUT not complacent.

Wait for the 1st hour or so of trading for the markets to stabilize or fall further - we continue to add to our longs thereafter.
Support for the day lies at 54749/16300/35405.

The short term (closing) targets for the markets are 56019/16702, followed by 57067/17005.

The above targets are safe as long as the markets are trading above 53904/16054/35160.
Conservative traders can keep their SL at these levels.

20 Aug 21
S2 55,005 16,383
S1 55,457 16,518
Previous Close 55,629.49 16,568.90
R1 55,668 16,580
R2 55,754 16,606
Fair Value 39,123 11,653 


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