The near term outlook is cautiously bullish - the important thing is to see if the Sensex manages to cross and sustain 33535+. A failure to cross this level convincingly will put the markets back into the 32800/32900-33100/33300 trading range.
Hold on to your longs, add small-staggered longs for a near term target of 33500 while keeping a trailing SL at 33286.
| Date |
4-Apr-18
| |
| Index | Sensex | Nifty |
| S2 | 33,309 | 10,227 |
| S1 | 33,332 | 10,234 |
| Previous Close | 33,370.63 | 10,245.00 |
| R1 | 33,403 | 10,256 |
| R2 | 33,535 | 10,296 |
| Fair Value | 29,794 | 9,148 |
