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.

Date	7 Jan 21
Index	Sensex	Nifty
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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