Market Data

Monday, March 8, 2021

The Sensex Outlook for the Week Starting 08-03-2021

Just when the markets were on track for the targets of 49900/14800, they found strong supports at ~50160/14862. 
Currently, the markets are again poised at strong supports and will see a bounce from the current levels.
We can see a swift upmove till ~51000/15100 or higher before the markets think of correcting again.
We already hold NIFTY calls of this week's expiry, brought on Friday.

Date8 Mar 21
IndexSensexNifty
S2 50,326 14,915
S1 50,391 14,934
Previous Close 50,405.32 14,938.10
R1 50,484 14,961
R2 50,523 14,973
Fair Value 30,283 8,975 

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