Market Data

Wednesday, November 24, 2021

The Sensex Outlook for the Day 24-11-2021

Expect the markets to build on yesterday’s gains.

A medium-term bottom seems to be in place, however the pace of the rally maybe frustrating for some newbie bulls who are used to All Time Highs at breakneck speeds.

Keeping a trailing-closing SL at 57142/17049/37008 – one can start rebuilding long positions in the indices as well as stocks for near-short term targets of 60019/17907/39158.

 

24 Nov 21

Index

Sensex

Nifty

S2

                  58,406

           17,424

S1

                  58,598

           17,482

Previous Close

             58,664.33

      17,503.35

R1

                  58,835

           17,552

R2

                  58,922

           17,578

Fair Value

                  45,482

           13,569

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