Market Data

Monday, August 23, 2021

​The Sensex Outlook for the Week Starting 23-08-2021

There is no change in the market outlook from Friday.
Support for the day lies at 55122/16389/34300.

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

BANKNIFTY has seen the most pain lately, however, the biggest contribution to the above targets will come from the BANKNIFTY only. 
We continue to hold/add aggressive longs there.

The above targets are safe as long as the markets are trading above 54070/16076.
Conservative traders can keep their SL at these levels.

23 Aug 21
S2 55,279 16,435
S1 55,305 16,443
Previous Close 55,329.32 16,450.50
R1 55,429 16,480
R2 55,543 16,517
Fair Value 40,817 12,136 


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