The Sensex Outlook for 28-02-2022

In the hindsight, we can assume that the rally from COVID19 lows ended in October last year. Now after a 14.46/14.82% cut (Sensex & Nifty fall from October highs to February lows) – the markets are on a neutral ground, looking for cues as to where to head next.

With tomorrow being a Holiday and the geopolitical cues still fluid – expect the markets to trade in a quiet range for the day.

 

Investors can start accumulating quality large cap stocks and traders can look at hedged longs on the BANKNIFTY and NIFTY.

 

	28 Feb 22
Index	Sensex	Nifty
S2	55,741	16,614
S1	55,781	16,629
Previous Close	55,858.52	16,658.40
R1	56,184	16,749
R2	56,262	16,779
Fair Value	48,999	14,613

 

 

 

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