Market Data

Thursday, May 12, 2022

The Sensex Outlook for 12-05-2022

The NIFTY and the SENSEX continue to remain weak whereas the BANKNIFTY is still showing strength. The near-term target for the BANKNIFTY is ~35000 (with a closing SL at 34425) and that should also help the NIFTY to keep its head above 16000

 

Stick to only stock specific trades for now.

 

12 May 22

Index

Sensex

Nifty

S2

                  53,888

           16,107

S1

                  54,069

           16,161

Previous Close

             54,088.39

      16,167.10

R1

                  54,599

           16,320

R2

                  54,683

           16,345

 

 

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