Tuesday, March 21, 2017

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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