Market Data

Tuesday, May 21, 2019

The Sensex Outlook for the Day 21-05-2019



After yesterday's unprecedented rally, expect the markets to consolidate around the current levels, in the run-up to the actual results on the 23rd. Expecting the markets to rise further from here immediately would be foolish. Book profits if you're in longs and hedge your overall positions with puts.


Date 21-May-19
Index Sensex Nifty
S2            38,879           11,686
S1            39,112           11,756
Previous Close     39,352.67    11,828.25
R1            39,578           11,896
R2            39,706           11,934
Fair Value 28,066 8,436


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