Market Data

Monday, January 10, 2022

The Sensex Outlook for the Week Starting 10-January-2022

 

The 2nd week of 2022 also begins on a promising note.

 

We can expect to see 60845/18111/38814 in the coming few days, if not within this week itself, followed by 61193/18214.

 

The "rising OMNICRON" cases are a fleeting worry for the markets but not an alarming one now. Remain long/add to your longs on any dip/fall/profit booking for the above next targets keeping a closing SL at 59080/17615/37138.

 

If you're a conservative trader, you can look at stock specific opportunities if the NIFTY/BANKNIFTY seem to be too volatile for your comfort.

 

As an aggressive trader, I would be only worried if the indices broke 58696/17500/36644 on a closing basis.

 

10 Jan 22

Index

Sensex

Nifty

S2

                  59,401

           17,711

S1

                  59,602

           17,770

Previous Close

             59,744.65

      17,812.70

R1

                  59,759

           17,817

R2

                  60,116

           17,924

Fair Value

                  44,830

           13,366

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.

 

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