Market Data

Monday, April 11, 2022

The Sensex Outlook for 11-04-2022

 

We are getting into a truncated trading week of only 3 days following by a 4-day long weekend – best to trade light/ have low expectations.

 

However, there is no change in the near-term outlook for the markets – it remains positive above 58332/17402/37166. And if you’re a conservative trader – watch the levels of 58942/17627/37488.

 

In a short trading week, it’s easier/safer to look at stock specific opportunities rather than trying to trade the indices.

 

11 Apr 22

Index

Sensex

Nifty

S2

                  59,121

           17,687

S1

                  59,326

           17,748

Previous Close

             59,447.18

      17,784.35

R1

                  59,628

           17,838

R2

                  59,700

           17,860

Fair Value

                  48,594

           14,537

 

 

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