Wednesday, March 25, 2020

The Sensex Outlook for the Day 25-03-2020

The markets will continue to rally on further, in spurts and jerks, from the recent lows of ~25500/7500. 
The first and foremost resistance would come in at ~27500/8050.

Traders can go long at the current levels and on dips, with a trailing SL at the recent lows.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date25-Mar-20
IndexSensexNifty
S2           26,484             7,746
S1           26,592             7,777
Previous Close      26,674.03        7,801.05
R1           27,463             8,032
R2           27,524             8,050
Fair Value           34,712           10,152
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