The Sensex Outlook for 08-February-2022.

Below the levels of 58600/17500, the markets face the risk of breaking their December 2021 lows. Conservative traders need to stay away from taking any index positions till 58600/17500.

 

Aggressive traders can look at adding longs with a closing SL below 56951/16967/36552.

 

A Stock-Specific approach along with hedged longs on the NIFTY/BANKNIFTY should be the way going forward.

 

	8 Feb 22
Index	Sensex	Nifty
S2	57,044	17,043
S1	57,299	17,119
Previous Close	57,621.19	17,213.60
R1	57,876	17,290
R2	58,003	17,328

 

 

 

 

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