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
| |
| Index | Sensex | Nifty |
| S2 | 33,095 | 10,162 |
| S1 | 33,231 | 10,203 |
| Previous Close | 33,307.14 | 10,226.85 |
| R1 | 33,322 | 10,231 |
| R2 | 33,361 | 10,243 |
| Fair Value | 29,898 | 9,180 |
