Market Data

Thursday, May 19, 2022

The Sensex Outlook for 19-05-2022

The markets are expected to consolidate in the range of 15900-16400/33650-34400 only, as mentioned in this column yesterday.

 

Only if the adverse global cues of this morning/last night force a close below 15900/33650, it would cause the outlook change from NEUTRAL to NEGATIVE.

 

The trading strategy remains to be a stock-specific one for now.

 

19 May 22

Index

Sensex

Nifty

BankNifty

S2

                  53,963

           16,167

                 33,969

S1

                  54,131

           16,217

                 34,135

Previous Close

             54,208.53

      16,240.30

            34,163.70

R1

                  54,278

           16,261

                 34,318

R2

                  54,674

           16,290

                 34,656

 

 

 

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