Tuesday, March 17, 2020

The Sensex Outlook for the Day 17-03-2020

Expect a sustained bounceback today. Remain long with a closing SL at 31053/9099 for an initial target of ~32750/9600.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date17-Mar-20
IndexSensexNifty
S2           31,053             9,099
S1           31,276             9,164
Previous Close      31,390.07        9,197.40
R1           31,923             9,354
R2           32,190             9,432
Fair Value           34,512           10,112

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