Market Data

Monday, March 16, 2020

The Sensex Outlook for the Week Starting 16-03-2020

The markets showed some signs of stabilizing on Friday and a near term bottom seems to be in place. 
While the cues from SGX Nifty point to a lower opening this morning, aggressive traders can remain long/go long with a trailing SL at 32079/9364.
Upsides, for now, seems to be capped at ~34553/10086.

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           32,754             9,561
S1           33,662             9,826
Previous Close      34,103.48        9,955.20
R1           34,193             9,981
R2           34,553           10,087
Fair Value           34,218             9,989
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