Market Data

Wednesday, November 3, 2021

The Sensex Outlook for the Day 03-11-2021

Wishing you & your family, A Very Happy Dhanteras & NarakChaturdashi.

 

The SENSEX & the NIFTY closed marginally below the day supports (60040/17900), but after crossing the resistance zone for the day (60385/18004).

As expected, the BANKNIFTY fared better.

For the SENSEX & the NIFTY, day supports are at 59865/17840 while 60120/17916 will be a resistance zone.

BANKNIFTY will continue to fare better than the SENSEX & the NIFTY with a strong support at 39850 and resistance at 40150.

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

 

3 Nov 21

Index

Sensex

Nifty

S2

                  59,865

           17,838

S1

                  59,882

           17,843

Previous Close

             60,029.06

      17,888.95

R1

                  60,066

           17,898

R2

                  60,111

           17,911

Fair Value

                  42,162

           12,563

 

 

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