Thursday, April 9, 2020

The Sensex Outlook for the Day 09-04-2020

The markets will consolidate at the current levels before the long weekend. While I continue to remain bullish in the near/short term, avoid carrying trading positions over the weekend.
For the day, the consolidation range for the markets could be 29100-30100(8500-8800).
Investors still have to wait, patiently for maybe until early 2021 before committing long term funds in this market.

Date9-Apr-20
IndexSensexNifty
S2           29,393             8,602
S1           29,603             8,664
Previous Close      29,893.96        8,748.75
R1           29,952             8,766
R2           30,008             8,782
Fair Value           34,604           10,127
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