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 | |
| Index | Sensex | Nifty |
| S2 | 33,783 | 10,380 |
| S1 | 33,888 | 10,412 |
| Previous Close | 33,917.94 | 10,421.40 |
| R1 | 33,940 | 10,428 |
| R2 | 34,077 | 10,470 |
| Fair Value | 29,784 | 9,151 |
