Market Data

Friday, November 26, 2021

The Sensex Outlook for the Day 26-11-2021

The current cues from our neighborhood, including our NRI cousin, the SGX-Nifty are DOWN as they come to terms with the newer COVID variants that keep popping up.

 

Talking solely about levels – we are in a 57718/17215 – 58986/17593 trading band - While I don’t expect our markets to close below the lower end of the band – the current rally lacks legs till we see a convincing close above ~58986/17593.

Conservative traders should stay from the markets still Monday or till 58986/17593, whichever comes later. Others can wait to see how the NIFTY levels play out before taking up fresh positions for the Day/Weekend.

 

BANKNIFTY can offer good opportunities for longs today.

 

26 Nov 21

Index

Sensex

Nifty

S2

                  58,567

           17,467

S1

                  58,644

           17,490

Previous Close

             58,795.09

      17,536.25

R1

                  58,902

           17,567

R2

                  59,078

           17,619

Fair Value

                  45,505

           13,571

 

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