The markets did manage to cross the levels of 16005/33920 given yesterday.
Going forward, we can see the markets consolidate in the range of 15900-16400/33650-34400 before attempting the next up-move.
The trading strategy remains to be a stock-specific one for now.
18 May 22 | |||
Index | Sensex | Nifty | BankNifty |
S2 | 53,965 | 16,153 | 33,847 |
S1 | 54,135 | 16,204 | 34,116 |
Previous Close | 54,318.47 | 16,259.30 | 34,301.90 |
R1 | 54,399 | 16,284 | 34,366 |
R2 | 54,674 | 16,366 | 34,593 |
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