The Sensex Outlook for the Day 01-01-2021

Once Again, Wishing you & your Near'n'Dear Ones, A Very Happy 2021.

The markets did the targets of 47840/14003 yesterday and corrected thereafter. Expect the markets to end this week also in style - closer to 47900/14300.
Conservative traders can book some profits at these levels and re-enter again next week.

The market outlook will turn bearish only with a close below 47355/13865 - keep a SL below these levels for NIFTY longs.

Date	1 Jan 21
Index	Sensex	Nifty
S2	47,750	13,981
S1	47,750	13,981
Previous Close	47,751.33	13,981.75
R1	47,806	13,998
R2	47,897	14,024
Fair Value	29,957	8,772

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