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
| |
