Market Data

Tuesday, November 9, 2021

The Sensex Outlook for the Day - 09-11-2021

 

The momentum of yesterday should continue, expect the markets to consolidate above 60200/17960 before heading towards ~60300/18300 with supports at 59781/17840.BANKNIFTY was a surprise underperformer yesterday – just wait and watch it for today.

 

For a short-to-medium term horizon, we can look at the targets of ~65300/19500/42900 if we are trading above 56875/16965/38000.

 

Traders can and should look at a mix of stock-specific and NIFTY trades for optimal returns.

 

 

9 Nov 21

Index

Sensex

Nifty

S2

                  60,330

           18,004

S1

                  60,393

           18,022

Previous Close

             60,545.61

      18,068.55

R1

                  60,609

           18,087

R2

                  60,673

           18,106

Fair Value

                  43,801

           13,071

 

 

 

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