Tuesday, March 14, 2017

The Sensex Outlook for the day - 14-03-2017


A huge gap-up opening in the 29229/9021 (Nifty Cash levels) zone should not come as a surprise. However sustaining these levels on a closing basis is another thing.
Book profits / initiate aggressive short positions above 29200/9010.For longs, keep a trailing stop loss at 28827.

Date
14-Mar-17
Index
Sensex

Nifty
S2
28,769

8,880
S1
28,851

8,905
Previous Close
                                    28,946.23

              8,934.55
R1
29,029

8,960
R2
29,077

8,975
Fair Value
26,821

8,279




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