Market Data

Monday, May 16, 2022

The Sensex Outlook for 16-05-2022

The downside from the current levels looks limited, but it’s a buy on rise market till a few key levels are taken out decisively. Stick to only stock specific trades for now.

 

The NIFTY and the BANKNIFTY need to cross 16043/34032 before one can take a neutral view on the indices.

 

16 May 22

Index

Sensex

Nifty

BankNifty

S2

                  52,228

           15,613

                 32,852

S1

                  52,655

           15,741

                 33,008

Previous Close

             52,793.62

      15,782.15

            33,121.35

R1

                  52,959

           15,832

                 33,377

R2

                  53,078

           15,867

                 33,550

Fair Value

                  51,770

           15,476

 Not Calculated

 

 

 

 

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