The Sensex Outlook for the Day 30-11-2021

Till the time, the levels of 57981/17269 are not taken out convincingly, expect the markets to consolidate in the 57090/17000 – 57627/17163 band.

While the downside looks limited, the upside may remain capped due to volatility / news flow regarding the virus and its strains.

The BANKNIFTY needs to cross 36307 and respect yesterday's low of 35328 for any meaningful base formation.

Having a stock specific approach will be a good strategy for now.

 

	30 Nov 21
Index	Sensex	Nifty
S2	57,090	17,001
S1	57,174	17,026
Previous Close	57,260.58	17,053.95
R1	57,627	17,161
R2	57,716	17,188
Fair Value	45,593	13,577

 

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