Friday, March 6, 2020

The Sensex Outlook for the Day 06-03-2020

There is no change in the market outlook - in fact it has only worsened since yesterday.
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 
Date06-Mar-20
IndexSensexNifty
S2           38,412           11,252
S1           38,450           11,263
Previous Close      38,470.61      11,269.00
R1           38,501           11,278
R2           38,582           11,302
Fair Value           34,684           10,160
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