Market Data

Wednesday, August 17, 2022

The Sensex Outlook for 17-08-2022

The BANKNIFTY showed signs of faltering yesterday - if it manages to stay below 39356, the weakness will be confirmed.

Since the NIFTY has been piggy-backing on the BANKNIFTY for the last few days, any weakness in the BANKNIFTY will have a devastating effect on the NIFTY.

 

We will take a fresh positive view on the indices only if 39356/17893 is taken out convincingly, till then we are sticking to stock-specific positions only.

 

17 Aug 22

Index

Sensex

Nifty

BankNifty

S2

                  59,674

           17,775

                 39,054

S1

                  59,813

           17,817

                 39,120

Previous Close

             59,842.21

      17,825.25

            39,239.65

R1

                  59,923

           17,849

                 39,268

R2

                  60,068

           17,893

                 39,445

 

 


 

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