Market Data

Monday, March 7, 2022

The Sensex Outlook for 07-03-2022

Any further geo-political shocks/tremors apart, the range for the markets is 15924-16562 (53260-55394).

 

The range for the BANKNIFTY would be 33969-35098, however the BANKNIFTY will outperform once stability returns to the markets.

 

For now, conservative traders should play the above range while aggressive traders can look at stock-specific opportunities.    

 

7 Mar 22

Index

Sensex

Nifty

S2

                  53,810

           16,101

S1

                  53,888

           16,134

Previous Close

             54,333.81

      16,245.35

R1

                  54,383

           16,278

R2

                  54,412

           16,295

Fair Value

                  49,032

           14,660

 

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