Market Data

Wednesday, May 4, 2022

The Sensex Outlook for 04-05-2022

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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