Market Data

Thursday, January 6, 2022

The Sensex Outlook for the Day 07-January-2022

Even though the markets fell yesterday, they managed to hold on to key supports.

 

Going forward, the next targets for the markets continue to be 61193/18214.Remain long/add to your longs on any dip/fall/profit booking for the above next targets keeping a closing SL at 59100/17597.

 

If you're a conservative trader, you can book some profits before the weekend and re-enter on Monday, but the trend clearly remains UP.

 

As an aggressive trader, I would be only worried if the indices broke 58796/17506 on a closing basis.

 

7 Jan 22

Index

Sensex

Nifty

S2

                  59,536

           17,724

S1

                  59,558

           17,731

Previous Close

             59,601.84

      17,745.90

R1

                  59,782

           17,798

R2

                  59,826

           17,811

 

 

 

 

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