Market Data

Monday, May 6, 2019

The Sensex Outlook for the Week Starting - 06-05-2019

The markets have not been available to sustain near the day's high's for the entire of last week. On Friday, they couldn't even bounce off the day low's. The trading range is shrinking - it will not be long before the markets break this range on the downside. The cues from SGX Nifty, point to a gap-down already - initiate aggressive shorts on opening and on any rise till 39156. 

The SL for all short positions would be a close above 39200. 

Date 06-May-19
Index Sensex Nifty
S2            38,872           11,684
S1            38,909           11,695
Previous Close     38,963.26    11,712.25
R1            38,992           11,720
R2            39,011           11,726
Fair Value 27,956 8,403

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