The Sensex Outlook for the Day - 22-08-2019

While the trend remains clearly down, a brief uptick from the current levels cannot be ruled out. The markets will try to regain 37400/11020, but reaching there and staying there are 2 different things.

Index Levels to Watch & Fair Value
Date	22-Aug-19
Index	Sensex	Nifty
S2	36,974	10,893
S1	37,023	10,908
Previous Close	37,060.37	10,918.70
R1	37,150	10,945
R2	37,200	10,960
Fair Value	29,567	8,711

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The Sensex Outlook for the day - 21-03-2017

The markets did correct from the near-term tops, thankfully however the SL level of 29450 was not violated. Expect a moderate bounce back from the current levels. Buy on dips upto 29482.

The targets of 29950/9250 (cash levels) before the FnO expiry still stand. However, these targets will be negated with a close below 29450.

Date	21-Mar-17
Index	Sensex		Nifty
S2	29,410		9,093
S1	29,482		9,116
Previous Close	29,518.74		9,126.85
R1	29,567		9,142
R2	29,699		9,183
Fair Value	26,772		8,278

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