Market Data

Thursday, March 5, 2020

The Sensex Outlook for the Day 05-03-2020

While there is no change in the near term outlook for the markets, we could see the markets consolidate around ~38500/11300 before moving down again.
The region around ~38800/11350 remains a strong resistance zone.
Continue to short the NIFTY on every rise.
The first targets on the downside are ~37300/10900.

Index Levels 
S2           38,369           11,239
S1           38,392           11,246
Previous Close      38,409.48      11,251.00
R1           38,481           11,272
R2           38,644           11,320
Fair Value           34,764           10,183
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