The markets are poised at supports – so the downside continues to look limited, from the current levels. However, the levels of 16005/33920 need to be crossed decisively before one can take a neutral view on the markets.
Any dip till 15700/33000 is an opportunity to lap up stocks, not take long positions on the indices.
17 May 22 | |||
Index | Sensex | Nifty | BankNifty |
S2 | 52,633 | 15,740 | 33,474 |
S1 | 52,663 | 15,749 | 33,525 |
Previous Close | 52,973.84 | 15,842.30 | 33,597.60 |
R1 | 53,012 | 15,854 | 33,822 |
R2 | 53,428 | 15,978 | 33,920 |
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