Market Data

Tuesday, February 8, 2022

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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