I don't see the BJP's win in the NE States helping the bulls in a major way today.
The Sensex is poised at a critical support and frankly speaking, the Sensex will require less efforts to break the support and go for a free-fall, rather than attempt to break the resistances till 34200.
Its better to stick to stock specific opportunities, rather than long or short the Nifty.
| Date |
5-Mar-18
| |
| Index | Sensex | Nifty |
| S2 | 33,580 | 10,315 |
| S1 | 34,031 | 10,454 |
| Previous Close | 34,046.94 | 10,458.35 |
| R1 | 34,136 | 10,486 |
| R2 | 34,192 | 10,503 |
| Fair Value | 29,653 | 9,109 |
