Market Data

Wednesday, August 10, 2022

The Sensex Outlook for 11-08-2022

Some amount of profit-booking/volatile consolidation will be good for the medium-term health of the rally – we did see some in the NIFTY yesterday.

 

Whether you are an aggressive or a conservative trader, you’re better-off with a stock-specific trading approach in the markets.

 

Our trading positions continue to be a mix of Hedged NIFTY Shorts and Stock Specific Longs.

 

11 Aug 22

Index

Sensex

Nifty

BankNifty

S2

                  58,652

           17,485

                 38,155

S1

                  58,795

           17,528

                 38,178

Previous Close

             58,817.29

      17,534.75

            38,287.85

R1

                  58,856

           17,546

                 38,403

R2

                  58,984

           17,585

                 38,594

 

 

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