The near term outlook remains weak/subdued.However the bottom is not much further below : sub 32800 / sub 10000 possibly, but the markets wont stay long at the bottom after finding it finally. You can either trade light and sit on the sidelines or initiate aggressive longs at every 100 points off at the Sensex, like yours truly.
| Date |
20-Mar-18
| |
| Index | Sensex | Nifty |
| S2 | 32,843 | 10,070 |
| S1 | 32,890 | 10,084 |
| Previous Close | 32,923.12 | 10,094.25 |
| R1 | 33,007 | 10,120 |
| R2 | 33,077 | 10,141 |
| Fair Value | 29,817 | 9,142 |
