Market Data

Tuesday, May 18, 2021

The Sensex Outlook for the Day 18-05-2021

One thing that I have been saying informally to a lot of my clients and followers - it was visible for all to see yesterday when the BankNifty rose 4% - The market rise is being fueled by the sacrificial blood of the bears. There are still a lot of bears trapped who will now rush to cover their short positions and fuel a further rise in the indices.

Above 50000/15050, the immediate targets for the markets will be 51200/15400. Conservative traders keep a trailing SL at 48650/14640 for all long positions.Raghav's Picks completes 16 years today. We thank you for your trust and support in our journey so far and look forward to your continued patronage.

Date18 May 21
IndexSensexNifty
S2 49,377 14,862
S1 49,405 14,870
Previous Close 49,580.73 14,923.15
R1 49,628 14,938
R2 49,933 15,029
Fair Value 33,403 10,054 

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