Friday, March 27, 2020

The Sensex Outlook for the Day 27-03-2020

While the near & short term trend is still up, it makes sense to book profits on your long positions and wait for Monday.  A close below 28900/8340 will give the bears an upper hand once again.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date27-Mar-20
IndexSensexNifty
S2           29,476             8,506
S1           29,538             8,523
Previous Close      29,946.77        8,641.45
R1           30,100             8,686
R2           30,418             8,777
Fair Value           34,141             9,852
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