Market Data

Sunday, December 26, 2021

The Sensex Outlook for the Week Starting 27-December-2021

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

Index

Sensex

Nifty

S2

                  56,813

           16,909

S1

                  56,951

           16,950

Previous Close

             57,124.31

      17,003.75

R1

                  57,187

           17,020

R2

                  57,315

           17,058

Fair Value

                  45,011

           13,398

Chart, line chart    Description automatically generatedChart, line chart    Description automatically generated

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

https://upstox.com/open-account/?f=N08Y

 

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at  

http://www.raghavs-picks.com/disclaimer.JPG


Subscribe via email

Enter your email address:

Delivered by FeedBurner