Wednesday, March 4, 2020

The Sensex Outlook for the Day 04-03-2020

The region from ~38750-40000/~11340-11700 is a resistance zone for the markets.
Do not expect that this zone will be conquered anytime soon. Continue to short the NIFTY on every rise.
The first targets on the downside are ~37300/10900.

Index Levels 
Date04-Mar-20
IndexSensexNifty
S2           38,464           11,257
S1           38,507           11,269
Previous Close      38,623.70      11,303.30
R1           38,703           11,326
R2           38,754           11,342
Fair Value           34,642           10,138
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