The Sensex Outlook for the Day 17-03-2021

There is no major change in the near term market outlook. The intraday trading range has narrowed considerably though.Expect the markets to consolidate around ~50700/15000.

Continue to remain long for 53000/15700+ levels in the coming days,while keeping a closing SL at 49900/14770

Date	17 Mar 21
Index	Sensex	Nifty
S2	50,209	14,865
S1	50,289	14,888
Previous Close	50,363.96	14,910.45
R1	50,504	14,952
R2	50,574	14,973
Fair Value	30,232	8,950

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