Market Data

Monday, August 16, 2021

The Sensex Outlook for the Week Starting 16-08-2021

The SENSEX & NIFTY have met my closing targets of 55055/16430. 
Any dip continues to be an opportunity to add aggressively to your long positions - supports for the day lie at 55040/16410/36092.

The short term targets for the markets are 56019/16702.
BANKNIFTY has a lot of catching up to do - one can add BNF longs for the targets of 36750-37300.

The above targets are safe as long as the markets are trading above 53210/15865/34956.
Conservative traders can keep their SL at these levels.

16 Aug 21
IndexSensexNifty
S2 55,197 16,457
S1 55,277 16,481
Previous Close 55,437.29 16,529.10
R1 55,488 16,544
R2 55,773 16,629
Fair Value 39,123 11,665 



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