The Sensex Outlook for 01-February-2022.

Expecting a Gap-Up opening – use the same to lighten positions before the Budget. While the Budget should / will be Good to Great, expect a volatile day of trade.

 

If the levels of 16837_16700 are intact on a closing basis, the overall view remains positive, but the real uptrend will resume only after sustaining a close above 17520 for atleast 2 trading sessions.

 

	1 Feb 22
Index	Sensex	Nifty
S2	57,754	17,266
S1	58,002	17,337
Previous Close	58,014.17	17,339.85
R1	58,266	17,412
R2	58,517	17,484

 

 

 

 

 

 

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