Market Data

Wednesday, February 23, 2022

The Sensex Outlook for 23-02-2022

The region around 56628/16908 is proving to be a strong support/ bounce back point for the markets. If the markets are trading above this level, we can keep adding trading longs on the NIFTY for small intraday gains. The levels of 58178/17333 are an equally strong resistance – we are in a trading / consolidation zone while in this range. A close outside of this range will propel a strong 1-way move in the direction of the close.

 

BANKNIFTY remains our favorite above 37239, and we can start taking small/staggered long positions there.

 

23 Feb 22

Index

Sensex

Nifty

S2

                  56,984

           16,998

S1

                  57,067

           17,028

Previous Close

             57,300.68

      17,092.20

R1

                  57,506

           17,149

R2

                  57,684

           17,207

 

 

 

 

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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