Saturday, March 21, 2020

The Sensex Outlook for the Day 20-03-2020

After making fresh lows the markets did seem to stabilize yesterday. If they manage to close above 28000/8180, today expect a brief rally to 29800/8700 in the coming days.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date20-Mar-20
IndexSensexNifty
S2           28,043             8,192
S1           28,124             8,216
Previous Close      28,288.23        8,263.45
R1           28,482             8,320
R2           28,574             8,347
Fair Value           34,840           10,177
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