Market Data

Wednesday, April 20, 2022

The Sensex Outlook for 20-04-2022

The Sensex & the NIFTY closed at the last supports given in this column yesterday & the BANKNIFTY broke the same – “On further downside, the last supports for the markets lie at 56457/16960/36600.”

 

After falling 6-7% in 9 trading sessions, one doesn’t need Technical Analysis to figure out that a minor bounce is due. However, that bounce needs to cross and sustain 57288/17206/37227 before the bounce becomes a rally. Stick to stock – specific trades till then.

 

20 Apr 22

Index

Sensex

Nifty

S2

                  55,615

           16,704

S1

                  56,009

           16,822

Previous Close

             56,463.15

      16,958.65

R1

                  56,645

           17,013

R2

                  57,048

           17,134

 

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