Market Data

Tuesday, December 28, 2021

The Sensex Outlook for the Day 28-December-2021


 

The market is facing some resistance around 57500/17100 plus levels - but going by the cues from our NRI cousin right now, we could open well above those resistances.

 

If the markets manage to hold above 57542/17123 levels today, then we are in for a major booster dose for the bulls.

 

Conservative traders can go long on the NIFTY with a closing SL below 16912 and aggressive traders can look at stock-specific trades and BANKNIFTY.

 

BANKNIFTY has a lot of catching up and overtaking to do.

 

Remain long on the BANKNIFTY with a closing SL below 34480 and an initial target of 35722.

 

28 Dec 21

Index

Sensex

Nifty

S2

                  57,028

           16,972

S1

                  57,158

           17,011

Previous Close

             57,420.00

      17,086.25

R1

                  57,512

           17,117

R2

                  57,643

           17,156

 

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If you have any interest in unlisted/Pre IPO shares? Would be keen to assist.

 

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