Monday, March 23, 2020

The Sensex Outlook for the Week Starting 23-03-2020

It looks like we are headed for another lower circuit this morning. With the coronavirus & lockdown induced volatility and downtrend, it makes no sense to try to predict index moves. Best to trade individual stocks.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date23-Mar-20
IndexSensexNifty
S2           29,422             8,601
S1           29,809             8,714
Previous Close      29,915.96        8,745.45
R1           30,297             8,857
R2           30,418             8,892
Fair Value           34,372           10,048
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