Tuesday, April 7, 2020

The Sensex Outlook for the Day 07-04-2020

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.
Date07-Apr-20
IndexSensexNifty
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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