The firm bullish outlook given in this column since the few days should be partially vindicated today.
Since we are already sitting on long positions, we will probably book part profits during the day.
The near term trend is firmly bullish and the long term trend continues to remain down - investors still have to wait, patiently before committing long term funds in this market.
| Date | 07-Apr-20 | |
| Index | Sensex | Nifty |
| S2 | 27,058 | 7,928 |
| S1 | 27,501 | 8,057 |
| Previous Close | 27,590.95 | 8,083.80 |
| R1 | 27,816 | 8,150 |
| R2 | 27,910 | 8,177 |
| Fair Value | 34,317 | 10,054 |
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