Market Data

Friday, March 4, 2022

The Sensex Outlook for 04-03-2022

The markets traded higher initially and even managed to cross 16700 briefly, but ultimately couldn't sustain above 16600. Now with the SGX Nifty cues pointing a gap-down, one must wait and watch if the previous low of 16203.25 holds or not, before taking a fresh view / trade.

 

BANKNIFTY couldn't hold 35226 and is now precariously close to further breakdown. BANKNIFTY must trade above & close above 35077 before we can see some stability there.

 

 

4 Mar 22

Index

Sensex

Nifty

S2

                  54,691

           16,410

S1

                  54,931

           16,443

Previous Close

             55,102.68

      16,498.05

R1

                  55,133

           16,570

R2

                  55,344

           16,606

 

 

 

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