Market Data

Wednesday, May 8, 2019

The Sensex Outlook for the Day - 08-05-2019

With the initial targets of  ~38400/11550 over-achieved, expect the downtrend to accentuate further.
Any bounce back should be used to initiate fresh / aggressive shorts for targets of sub-38000/ sub-11400.
Keep a SL at a close above 38663/11608 for all short positions.

Date08-May-19
IndexSensexNifty
S2           37,850          11,374
S1           38,063          11,436
Previous Close    38,276.63   11,497.90
R1           38,663          11,608
R2           39,049          11,719
Fair Value28,1498,458
























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