The markets managed to bounce back smartly from Monday’s low and even the negative closing didn’t dent the short-term technical support of the markets.
We can see a continuation of the bounce from the Monday lows of heading up all the way to 17140/36500 soon.
The short-term bullish view will be negated only with a close below 16920/36000.
4 May 22 | ||
Index | Sensex | Nifty |
S2 | 56,751 | 17,002 |
S1 | 56,814 | 17,021 |
Previous Close | 56,975.99 | 17,069.10 |
R1 | 57,054 | 17,093 |
R2 | 57,288 | 17,162 |
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