Market Data

Sunday, August 29, 2021

The Sensex Outlook for the Week Starting 30-08-2021

As given in the previous outlook, the markets did close at All Time High levels on Friday & did our ST targets of 56019 & 16702.
Also, the opening dip gave almost 450/140/270 points on the Sensex,Nifty & Bank Nifty respectively.
Going forward also,any opening dip will always be an opportunity to aggressively add to your long positions.

Support for the day lies at 55906/16640/35533.

The next targets (closing) for the markets are 57321/17061.
The above targets are safe as long as the markets are trading above 54916/16345/35235.
Conservative traders can keep their SL at these levels.

30 Aug 21
S2 55,996 16,667
S1 56,066 16,688
Previous Close 56,124.72 16,705.20
R1 56,166 16,718
R2 56,188 16,724
Fair Value 40,597 12,083 


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