If we are holding the levels of 56951/16966/34518, the bulls will have an upper hand. However, the real uptick for the markets will come only after a close above 57561/17137/35262.
Contrary to expectations, the BANKNIFTY has lagged the NIFTY. It may so happen that the IT index will further cement its position as the market leader.
Traders are better off with stock-specific bets rather than trying to take a directional view on the indices.
The indices have a well-defined trading range which will breakout only with a close below 55132/16410/34018 or a close above 57561/17137/35262.
27 Dec 21
If you're on Telegram, you can join us here - https://t.me/RaghavsPicksSensexOutlook
If you have any interest in unlisted/Pre IPO shares? Would be keen to assist.
Upstox Demat + Trading account
₹1000 brokerage credit valid for 30 days#
Up to ₹20/order on Equity, F&O, Commodity, and Currency
₹0 brokerage* on Mutual Funds and IPO
By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at