Market Data

Monday, April 18, 2022

The Sensex Outlook for 18-04-2022

Any opening dip closer to 17400/37356 will be an opportunity to initiate fresh longs on the NIFTY and the BANKNIFTY.

 

While I am not expecting a runaway rally, the chances of moving higher are brighter for the markets.

 

Keep a closing SL at 57870/17335/37177 and hold on for the near term targets of 59205/17735/37950.

 

18 Apr 22

Index

Sensex

Nifty

S2

                  58,036

           17,385

S1

                  58,291

           17,461

Previous Close

             58,338.93

      17,475.65

R1

                  58,361

           17,482

R2

                  58,495

           17,522

Fair Value

                  48,848

           14,633

 

 

 

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