Market Data

Tuesday, May 10, 2022

The Sensex Outlook for 10-05-2022

There is no change in the near-term outlook from yesterday.

 

If the markets manage to hold on to the levels of 54287/16247/33715 for the next 2 days, then it would be safe to conclude that the price correction is probably over for now.

 

The targets of 18000/40000 and like are in the cold storage for now. It’s purely stock specific action for the next few months.

 

10 May 22

Index

Sensex

Nifty

S2

                  53,918

           16,136

S1

                  54,395

           16,279

Previous Close

             54,470.67

      16,301.85

R1

                  54,706

           16,372

R2

                  54,796

           16,399

 

 

 

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