Thursday, February 28, 2019

The Sensex Outlook for the Day 28-02-2019

The markets couldn't sustain the intraday gains yesterday and while we did close the day significantly higher from the day's lows - the market structure continues to remain weak. The markets are very close to resistances and supports are few and far below.Continue to trade the markets on the short side - on an intraday as well as positional basis.

Date 28-Feb-19
Index Sensex Nifty
S2          35,784         10,768
S1          35,809         10,776
Previous Close   35,905.43   10,806.65
R1          35,928         10,812
R2          35,972         10,825
Fair Value 28,372 8,538



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