Monday, May 18, 2020

The Sensex Outlook for the Week Starting - 18-05-2020

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Market Outlook: Expect the bounce from Friday’s lows to gain further traction. In the near term, the worst seems to be over for the markets and we could see a majorly positive week.
Keep adding to your longs with a closing SL at 30770/9041 for an initial target of 31925/9380
Avoid stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

Date18-May-20
IndexSensexNifty
S2           31,013             9,112
S1           31,055             9,124
Previous Close      31,097.73        9,136.85
R1           31,106             9,139
R2           31,242             9,179
Fair Value           33,814             9,935



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