Thursday, March 28, 2019

The Sensex Outlook for the Day 28-03-2019

There is no change in the near term outlook - the markets will consolidate with a negative & a volatile bias or simply drift lower - but dont see them going up in the near term.
One will be better off with stock-specific opportunities than trying to trade the indices on the long or the short side.

Date 28-Mar-19
Index Sensex Nifty
S2          38,058         11,422
S1          38,107         11,437
Previous Close   38,132.88   11,445.05
R1          38,166         11,454
R2          38,203         11,466
Fair Value 28,389 8,520




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