Market Data

Monday, February 21, 2022

The Sensex Outlook for 21-February-2022

It was a sort of Anti-Climax on Friday when the Sensex & the NIFTY closed a tumultuous & a volatile week with a less than 0.5% cut.

 

With global cues, continuing to be intolerant towards the bulls, Index trades need to be restrained and hedged. Expecting the markets to remain in a wide range of 57145-58175/17130-17381 with a largely negative bias (for now).

 

BANKNIFTY remains our favorite above 37330, but we aren't rushing into long trades right away.

 

21 Feb 22

Index

Sensex

Nifty

S2

                  57,832

           17,203

S1

                  57,832

           17,219

Previous Close

             57,832.97

      17,276.30

R1

                  57,892

           17,292

R2

                  58,175

           17,300

Fair Value

                  48,403

           14,459

 

 

 

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.

 

Invest in the UTI S&P BSE Low Volatility Index Fund

and aim to benefit from investing in low-volatility stocks (top 30 companies with lowest volatility in the last one year (252 trading days) out of the universe of ~190 companies from S&P BSE Largecap Index.)

https://bit.ly/3vaQWhQ.

 

NFO Closes – 25th February 2022

 

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