Market Data

Monday, April 22, 2019

The Sensex Outlook for the Week Starting - 22-04-2019

The uptrend is due to conclude soon. As long as the Sensex trades above 39000, the bulls will try to keep the reins of the markets in their hands.Its a matter of time that the selling pressure at the current levels overtakes the enthusiasm of the bulls and we see sustained selling pressure and lower levels from the current ones. Keep a trailing SL at 39000 for all existing longs and a trailing SL at 39276 for all shorts.

Date 22-Apr-19
Index Sensex Nifty
S2            39,083           11,737
S1            39,107           11,744
Previous Close     39,140.28    11,752.80
R1            39,185           11,767
R2            39,237           11,783
Fair Value 28,586 8,584

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