Market Data

Monday, May 20, 2019

The Sensex Outlook for the Week Starting 20-05-2019

Going by the Exit-Poll numbers last evening and the cues from SGX Nifty this morning, its a given that we will have a massive gap-up opening.

However, it remains to be seen if the markets to manage to hold on to their opening gains.

The key level for the markets now is 38466 (11568) and unless the Sensex manages to sustain this level on a closing basis, the undercurrent will remain negative only.

Date 20-May-19
Index Sensex Nifty
S2            37,693           11,336
S1            37,782           11,363
Previous Close     37,930.77    11,407.15
R1            38,001           11,428
R2            38,158           11,475
Fair Value 28,236 8,492

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