Monday, March 20, 2017

The Sensex Outlook for the Week Starting 20-03-2017

Being poised at the near-term tops, the markets are facing immediate resistances. These resistances will take some time and efforts to be taken out comfortably.
Till then, it's a buy on dips market. I will not be surprised to see the markets at 29950/9250 (cash levels) before the FnO expiry. However, these targets will be negated with a close below 29450.

Date
20-Mar-17
Index
Sensex

Nifty
S2
29,481

9,108
S1
29,602

9,145
Previous Close
                                    29,648.99

              9,160.05
R1
29,692

9,173
R2
29,825

9,214
Fair Value
26,443

8,170
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