The Sensex Outlook for 05-Dec-2022

The BANKNIFTY is long overdue to outperform the NIFTY.

Add to your BANKNIFTY longs while holding NIFTY longs. The next closing targets for the markets are 18852/43463.

We are looking at possible levels of 20809/47861 where the current rally could see an intermediate top, sometime in early 2023.

Book ample profits for the weekend and wait for Monday to re-initiate fresh longs.

The trailing closing SL stands at 18596/18444 and 42874/42524 depending on your risk appetite. 

		5 Dec 22
	Index	Sensex	Nifty	BankNifty
	S2	62,680	18,640	42,974
	S1	62,837	18,687	43,082
	Previous Close	62,868.50	18,696.10	43,103.75
	R1	62,899	18,705	43,125
	R2	62,963	18,724	43,169
	Fair Value	56,601	16,832	38,807

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