The Sensex Outlook for the Week Starting 02-04-2018

  

The markets are in a tight range of 32900-33100. Any movement outside this range will take the markets deeper in that direction.

As of now, I would take a contrarian call and build aggressive longs with a view that 33100 will be broken out of.

If you're a conservative trader, its better to trade light or not trade at all.

Others, like Yours Truly, keep a trailing SL at 32892 and go long with a vengeance!

Date	2-Apr-18
Index	Sensex	Nifty
S2	32,905	10,094
S1	32,940	10,104
Previous Close	32,968.68	10,113.70
R1	32,997	10,122
R2	33,037	10,134
Fair Value	29,927	9,180

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The Sensex Outlook for the Day - 21-03-2018

Expecting the Sensex to trade sideways with a positive bias - the extreme near term trading range is 32900-33100. A positive close coupled with a respect for yesterday's lows would imply small green shoots of recovery.

Date	21-Mar-18
Index	Sensex	Nifty
S2	32,929	10,104
S1	32,970	10,117
Previous Close	32,996.76	10,124.35
R1	33,032	10,136
R2	33,067	10,146
Fair Value	29,871	9,166

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