Market Data

Tuesday, May 4, 2021

The Sensex Outlook for the Day 04-05-2021

The market action yesterday did not surprise nor scare.Going forward, 48536/14580 and 48870/14680 are the levels to watch out on both the sides.
Aggressive traders remain long/keep adding to your long positions till 48445/14552.
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets. 
Date4 May 21
IndexSensexNifty
S2 48,595 14,597
S1 48,666 14,618
Previous Close 48,718.52 14,634.15
R1 48,740 14,641
R2 48,863 14,678
Fair Value 33,130 9,952 

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