Market Data

Saturday, December 3, 2022

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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