Market Data

Friday, May 24, 2019

The Sensex Outlook for the Day 24-05-2019

The market action yesterday was completely in-line with the outlook given. The markets opened with a lot of euphoria and also cheered the election results, but the Sensex still closed almost 1300 points down from the day's high. 

Going forward, expect the markets to consolidate with a negative bias before heading towards the near term targets of 36300/10900.

Date 24-May-19
Index Sensex Nifty
S2            38,491           11,561
S1            38,652           11,609
Previous Close     38,811.39    11,657.05
R1            38,835           11,664
R2            38,911           11,687
Fair Value 28,368 8,521

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