Market Data

Thursday, May 9, 2019

The Sensex Outlook for the Day - 09-05-2019

While the trend is clearly down, the market will pause falling for a bit, before the fall accelerates further. 
Do not be fooled into buying into any bounce-backs. 
Hold on to your shorts and add further shorts around 37850 (11376) on the upside and 37600 (11310) on the downside.

Date 09-May-19
Index Sensex Nifty
S2            37,421           11,263
S1            37,605           11,311
Previous Close     37,789.13    11,359.45
R1            38,111           11,443
R2            38,432           11,527
Fair Value 28,192 8,474

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