Market Data

Tuesday, November 2, 2021

The Sensex Outlook for the Day 02-11-2021

Expect the bounce from yesterday to continue.Any opening dip can be brought into.

 

For the SENSEX & the NIFTY, supports are at 60040/17900 while 60385/18004 will be a resistance zone.

 

BANKNIFTY should fare better than the SENSEX & the NIFTY with a strong support at 39548 and resistance at 40110.

 

For aggressive traders, it makes more sense to adopt a Stock-Specific approach.

 

2 Nov 21

Index

Sensex

Nifty

S2

                  59,905

           17,861

S1

                  60,107

           17,921

Previous Close

             60,138.46

      17,929.65

R1

                  60,220

           17,955

R2

                  60,385

           18,004

Fair Value

                  42,250

           12,597

 

 

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