Sunday, March 17, 2019

The Sensex Outlook for the Week Starting 18-03-2019

Throwing caution as well as technicals to the wind, the markets have been charting daily gains on their own volition.
We are at steeply over-brought levels as we head into a truncated trading week. 
Those who are holding longs, keep a trailing stoploss at 37760 (Friday's low) & those who are holding NIFTY shorts - stay put for now. Sooner than later,the markets will pause to catch their breath.


Date 18-Mar-19
Index Sensex Nifty
S2          37,935         11,399
S1          37,987         11,414
Previous Close   38,024.32   11,426.85
R1          38,255         11,495
R2          38,693         11,627
Fair Value 27,926 8,391


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