Tuesday, February 2, 2021

The Sensex Outlook for the Day 02-02-2021


After 23 years, we have had a Union Budget where the markets actually went up on the Budget Day.

However, going forward into February, expecting the markets to continue to rise with the same tempo/pace will be like asking for too much.

Sooner than later, the markets will get into a consolidation/correction phase.

Better to stick to stock specific opportunities.

Date2 Feb 21
IndexSensexNifty
S2 48,087 14,130
S1 48,378 14,216
Previous Close 48,600.61 14,281.20
R1 48,617 14,286
R2 48,764 14,329
Fair Value 30,931 9,089 
SENSEX.png

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