Market Data

Monday, February 22, 2021

The Sensex Outlook for the Week Starting 21-02-2021

As mentioned in this column last week - "Even though the cues for the NIFTY look bullish, the outlook for the week/February expiry remains downwards only.", the markets closed the week with net losses.

Going forward, below 51000/15000, expect the downtrend to accelerate towards 49870/14680.

Remain short on the NIFTY and look at stock-specific long positions.

Date22 Feb 21
S2 50,376 14,830
S1 50,624 14,904
Previous Close 50,889.76 14,981.75
R1 50,982 15,009
R2 51,035 15,024
Fair Value 30,100 8,861 


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