Market Data

Thursday, November 25, 2021

The Sensex Outlook for the Day 25-11-2021

Though the markets corrected from yesterday’s highs and closed in the red, the near-term outlook remains unchanged for the indices.

Keeping a trailing-closing SL at 57200/17074/37032 – one can start rebuilding long positions in the indices as well as stocks for near-short term targets of 60019/17907/39158.

BANKNIFTY is showing more strength than the NIFTY, but its early days yet to take a long view on the BANKNIFTY – let the strength continue for a day or two, before we take aggressive long positions there.

 

25 Nov 21

Index

Sensex

Nifty

S2

                  57,958

           17,301

S1

                  58,143

           17,356

Previous Close

             58,340.99

      17,415.05

R1

                  58,449

           17,447

R2

                  58,556

           17,479

Fair Value

                  45,415

           13,557

 

 

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