Tuesday, March 13, 2018

The Sensex Outlook for the Day - 13-03-2018


 
As long as the Sensex manages to hold and close above 33749 during any possible profit-booking/consolidation today - the near term outlook continues to be neutral/optimistic.
While I was confident that the Sensex wouldn't seriously break 33000 & ~32800-32700 levels and the Sensex didn't - going forward the rally needs more fuel to sustain and continue.
Remain cautiously optimistic on the markets above 33749.


Date                           13-Mar-18
IndexSensexNifty
S233,78310,380
S133,88810,412
Previous Close                      33,917.94                10,421.40
R133,94010,428
R234,07710,470
Fair Value29,7849,151


























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