Market Data

Monday, March 28, 2022

The Sensex Outlook for 28-03-2022

 

The markets are confined in a broad range of 17000-17300. From the current levels, the chances of going up are higher than going down. However, the real rally will come only after 17380 is comfortably taken out on a closing basis.

 

Aggressive traders can continue to remain long/add fresh longs if 17034 is not broken on a closing basis.

 

BANKNIFTY still looks weak below 35444_35808_35933, but I still stick my neck out and take up aggressive long positions for a near term target of 37172_37189, before 37800.

 

28 Mar 22

Index

Sensex

Nifty

S2

                  56,964

           17,034

S1

                  57,269

           17,125

Previous Close

             57,362.20

      17,153.00

R1

                  57,436

           17,175

R2

                  57,845

           17,297

Fair Value

                  48,391

           14,470

 

 

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