The cues from SGX Nifty suggest a bounce, however its best to trade light for the day.
The markets will be back in the 15900-16400/33700-34200 consolidation range.
The trading strategy remains to be a stock-specific one, from Monday onwards.
20 May 22 | |||
Index | Sensex | Nifty | BankNifty |
S2 | 52,247 | 15,646 | 32,668 |
S1 | 52,670 | 15,773 | 33,181 |
Previous Close | 52,792.23 | 15,809.40 | 33,315.65 |
R1 | 52,939 | 15,853 | 33,377 |
R2 | 53,326 | 15,969 | 33,733 |
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