Market Data

Thursday, May 6, 2021

The Sensex Outlook for the Day 06-05-2021

Index traders tread cautiously. We have significantly scaled down on Index longs and added NIFTY & BANKNIFTY puts of next week's expiry.
Aggressive traders can initiate index shorts and conservative traders can stick to stock-specific positions. We will look at Index longs and the targets of 15000+ only next week.

Date6 May 21
IndexSensexNifty
S2 48,558 14,582
S1 48,608 14,597
Previous Close 48,677.55 14,617.85
R1 48,722 14,631
R2 48,757 14,642
Fair Value 33,321 10,006 

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