The Sensex Outlook for the Day 16-03-2021

The markets broke the SL levels of 50790/15031 & 50611/14977 given in this column yesterday.

However the markets also did bounce back smartly from the day lows, giving fresh hope to the bulls.

Continue to remain long for 53000/15700+ levels in the coming days.

Date	16 Mar 21
Index	Sensex	Nifty
S2	50,317	14,906
S1	50,343	14,914
Previous Close	50,395.08	14,929.50
R1	50,462	14,949
R2	50,527	14,969
Fair Value	30,179	8,941

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