Market Data

Monday, December 13, 2021

The Sensex Outlook for the Week Starting 13-December-2021

Expecting some amount to volatile/violent consolidation around the ~59000/17600 band before the markets head towards 59400/17400.

This view will be negated only with a close below 58500/17400. As far as BANKNIFTY is concerned, as long as the level of 36902 is not broken, all volatile moves should be used to add longs for a target of 37560+.

Aggressive traders should look at longs in BANKNIFTY & NIFTY while conservative traders can look at longs in NIFTY & select stocks.

 

13 Dec 21

Index

Sensex

Nifty

S2

                  58,637

           17,470

S1

                  58,687

           17,484

Previous Close

             58,786.67

      17,511.30

R1

                  58,860

           17,534

R2

                  58,959

           17,562

Fair Value

                  45,782

           13,637

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