Thursday, March 19, 2020

The Sensex Outlook for the Day 19-03-2020

After the initial gap-down, expect the markets to stabilize around ~27300/8000. A good time to accumulate Out-of-Money Call Options for next week's expiry.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date19-Mar-20
IndexSensexNifty
S2           27,280             8,002
S1           28,613             8,469
Previous Close      28,869.51        8,635.98
R1           29,439             8,662
R2           29,528             8,759
Fair Value           34,480           10,115
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