Market Data

Monday, May 2, 2022

The Sensex Outlook for 02-05-2022

The market weakened, just before the weekend and the weakness continues from overseas. Going by the cues from the NRI cousin, SGX Nifty – we are going to break the initial supports of 17053-16910.

 

The final support for the NIFTY is at 16820_16800 (the lower end of the trading range given in this column last Monday).

 

Given that it’s a trading holiday tomorrow – we are better off trading light for the day and see how the support of 16820_16800 plays out.

 

2 May 22

Index

Sensex

Nifty

S2

                  56,902

           17,055

S1

                  56,975

           17,077

Previous Close

             57,060.87

      17,102.55

R1

                  57,313

           17,178

R2

                  57,402

           17,205

Fair Value

                  49,693

           14,894

 

 

 

If you're on Telegram, you can join us here - https://t.me/RaghavsPicksSensexOutlook

 

If you haven’t joined my paid calls yet – you can join now - http://blog.raghavs-picks.com/2022/04/performance-of-trading-calls-april_30.html

 

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at  

http://www.raghavs-picks.com/disclaimer.JPG         

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner