Market Data

Wednesday, November 10, 2021

The Sensex Outlook for the Day - 10-11-2021

The level of 60600/18100 is proving a tough nut to crack for the markets, however if 60156/17961 is not broken on a closing basis, the bulls will have a strong upper hand.

The BANKNIFTY attempted to make a comeback of sorts yesterday – it now must cross and hold 39446 for a move up to 39727 in the near term.

 

For a short-to-medium term horizon, we can look at the targets of ~65300/19500/42900 if we are trading above 57267/17099/38427.

 

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

 

10 Nov 21

Index

Sensex

Nifty

S2

                  60,277

           17,999

S1

                  60,349

           18,020

Previous Close

             60,433.45

      18,044.25

R1

                  60,471

           18,056

R2

                  60,634

           18,105

Fair Value

                  43,811

           13,082

 

 

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