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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The Sensex Outlook for the Week Starting 19-03-2018

  

Below 33600, the near term outlook remains weak/subdued. Now the question is whether the Sensex will break 33000 before stabilizing or not? Its best to trade light for now and see the new range for the week shape up. Personally I have been sticking my neck out and advising a buy on dip on more than half of the trading days last week - that will still continue.

Date	19-Mar-18
Index	Sensex	Nifty
S2	32,970	10,132
S1	33,148	10,187
Previous Close	33,176.00	10,195.15
R1	33,329	10,242
R2	33,346	10,247
Fair Value	29,757	9,144

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Devansh @ Raghav's Picks

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