Market Data

Monday, May 17, 2021

The Sensex Outlook for the Week Starting 17-05-2021

While the downtrend may have been over for now - the resistances at 49100/14800 and 46900/14950 still stand as formidable barriers before 49800/15000 are taken out.
It should be a matter of time before the above resistances are taken out and the markets head towards fresh AtTimeHigh levels. Remain long on the markets with a trailing SL at 48474/14600.

Date17 May 21
IndexSensexNifty
S2 48,671 14,659
S1 48,702 14,668
Previous Close 48,732.55 14,677.80
R1 48,862 14,717
R2 48,899 14,728
Fair Value 33,253 10,016 


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