Market Data

Thursday, September 16, 2021

The Sensex Outlook for the Day 16-09-2021

The markets have decisively broken above the 58480/17450 levels. 
Also, the BANKNIFTY is in a bullish orbit now. 
With the SENSEX & NIFTY in uncharted territories and BANKNIFTY still away from its previous highs, 
it makes more sense to be neutral on the NIFTY and long on the BANKNIFTY.
Support for the day lies at 58160/17350/36674.
The BANKNIFTY uptrend will be under threat only with a close below 36040.

16 Sep 21
S2 58,565 17,472
S1 58,591 17,480
Previous Close 58,723.20 17,519.45
R1 58,777 17,536
R2 58,964 17,591
Fair Value 40,839 12,184 


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