Thursday, January 7, 2021

The Sensex Outlook for the Day 07-01-2021

We exited NIFTY/BANKNIFTY longs at the start of the trading session and re-entered NIFTY longs at the end of the session yesterday. 
The falling markets yesterday, respected the supports and SL levels of 47900/14041 &  47358/13883 on the closing basis. 
Continue to remain long/add to your longs for targets of 48750/14300, keeping a SL at 47788/14033.

Date7 Jan 21
IndexSensexNifty
S2 47,864 14,055
S1 48,082 14,119
Previous Close 48,174.06 14,146.25
R1 48,218 14,159
R2 48,263 14,172
Fair Value 30,151 8,854 

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