Market Data

Sunday, March 8, 2020

The Sensex Outlook for the Week Starting 09-03-2020

The near term bottom seems to be in place at 37011/10824. We could see a rally/bounce from the current levels.
Traders can go long with a trailing SL at 37380/10930 for targets of ~38000/11100. The targets could progressively go up further in the near to short term.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.

Index Levels 
S2           37,379           10,932
S1           37,445           10,951
Previous Close      37,576.62      10,989.45
R1           37,748           11,040
R2           37,875           11,077
Fair Value           34,383           10,055
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