Market Data

Friday, May 7, 2021

The Sensex Outlook for the Day 07-05-2021

Index traders continue to tread cautiously. We are at a near-term top.
We have added NIFTY & BANKNIFTY puts of next week's expiry along with Futures short positions.
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.
Date7 May 21
S2 48,859 14,698
S1 48,912 14,714
Previous Close 48,949.76 14,724.80
R1 48,979 14,734
R2 49,011 14,743
Fair Value 33,283 10,012 


By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at 


Subscribe via email

Enter your email address:

Delivered by FeedBurner