Market Data

Monday, May 3, 2021

The Sensex Outlook for the Week Starting 03-05-2021

As long as the markets manage to recover above 48581/14571 after any gap down opening, the outlook for the rest of the day would be neutral.
Only with a close below the above levels will be a cause of worry for the bulls.
On the upside, we have 49000/14700 and beyond as a heavy-duty resistance zone.

Aggressive traders remain long/keep adding to your long positions till 48152/14442.
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets. 

Date3 May 21
IndexSensexNifty
S2 48,606 14,578
S1 48,698 14,606
Previous Close 48,782.36 14,631.10
R1 48,909 14,669
R2 48,954 14,683
Fair Value 32,159 9,645 


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