Thursday, May 23, 2019

The Sensex Outlook for the Day 23-05-2019



The early indicators from the Election Results and SGX Nifty point to a positive opening. No matter the actual result or the gap-up/positive opening, do not expect the markets to close with the same buoyancy/positivity. Sell the index on open and cover at close.  

Date 23-May-19
Index Sensex Nifty
S2            39,063           11,724
S1            39,088           11,731
Previous Close     39,110.21    11,737.90
R1            39,144           11,748
R2            39,249           11,780
Fair Value 28,355 8,510

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