Market Data

Tuesday, March 3, 2020

The Sensex Outlook for the Day 03-03-2020

After breaking yesterday's supports, the markets corrected all the way to 37786/11036 as against the given targets of ~37700/11000.
The erstwhile supports have now become resistances for the markets. Any rise will be sold into and capped at ~40000/11500.

As of now, its a remote possibility that the markets will reenter into a long term uptrend anytime soon.NIFTY shorts and stock-specific trading longs are the way forward for traders.

Index Levels 
S2           37,527           10,953
S1           37,754           11,019
Previous Close      38,144.02      11,132.75
R1           38,195           11,148
R2           38,338           11,189
Fair Value           34,240             9,993
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