Monday, March 30, 2020

The Sensex Outlook for the Week Starting 30-03-2020

Aggressive traders can buy into the expected gap-down opening. The region between 29000-29350 (8425-8525) is a good zone to add aggressive longs. 
Only with a close below 29000/8425 will the short term trend turn bearish from bullish.

The long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
Index Levels 
Date30-Mar-20
IndexSensexNifty
S2           29,347             8,524
S1           29,433             8,549
Previous Close      29,815.59        8,660.25
R1           29,859             8,673
R2           30,005             8,715
Fair Value           34,252             9,949
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