Market Data

Monday, April 26, 2021

The Sensex Outlook for the Week Starting 26-04-2021

On the basis of daily moves, the markets look like they move 1 step forward and 2 steps backward. 
However, what keeps diehard bulls like me going on, is the fact that after every breaking every support - the market bounces back. It's a matter of time that the resistances are also taken out.

Aggressive traders remain long/keep adding to your long positions at every fall for the near term targets of 48937/14655
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets. 

Date26 Apr 21
IndexSensexNifty
S2 47,438 14,209
S1 47,670 14,279
Previous Close 47,878.45 14,341.35
R1 47,938 14,359
R2 47,968 14,368
Fair Value 30,746 9,210 

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