Monday, March 12, 2018

The Sensex Outlook for the Week Starting 12-03-2018

  


The Sensex is poised at resistances starting from ~33350 and going all the way to ~33500+.Its a given that we will have a gap-up opening, however the key is the gap-up levels are sustained long enough for the resistances to be comfortably taken in. On the downside, as long as the Sensex manages to trade and close above 33100 today, the near term outlook would turn neutral from negative.


Date
 12-Mar-18
IndexSensexNifty
S233,09510,162
S133,23110,203
Previous Close                      33,307.14                10,226.85
R133,32210,231
R233,36110,243
Fair Value29,8989,180








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