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
IndexSensexNifty
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 


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