Market Data

Tuesday, November 23, 2021

The Sensex Outlook for the Day 23-11-2021

The Sensex & the Nifty have corrected almost ~7-7.5% from their recent highs to yesterday’s lows. If we can manage to hold on to yesterday’s lows – we can see a fresh rally from these levels.

The region from ~17600 to ~17900 is fraught with resistances, but for now we need to see if the recent lows hold. Aggressive traders can start rebuilding staggered longs at the current levels, keeping a trailing SL at 58000/17280.

 

23 Nov 21

Index

Sensex

Nifty

S2

                  57,129

           17,018

S1

                  58,012

           17,281

Previous Close

             58,465.89

      17,416.55

R1

                  58,752

           17,501

R2

                  58,895

           17,544

Fair Value

                  45,509

           13,556

 

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