Market Data

Friday, February 11, 2022

The Sensex Outlook for 11-February-2022.

The markets now face a resistance wall in the range of 17640-17690.

Yesterday too, the NIFTY couldn't cross 17640.

A failure to decisively cross this range will entangle the NIFTY in a consolidation band of 17640-17450.

With the cues from SGX Nifty and others not-so benign, conservative traders are better off taking the day off and return on Monday.

 

Aggressive traders can add to their longs during the day for a short term target of ~17900.

 

11 Feb 22

Index

Sensex

Nifty

S2

                  58,696

           17,533

S1

                  58,773

           17,557

Previous Close

             58,926.03

      17,605.85

R1

                  59,060

           17,639

R2

                  59,213

           17,688

 

 

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