Market Data

Monday, February 28, 2022

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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