The Sensex Outlook for the Day 15-01-2021

The trading range for the markets has narrowed considerably.Dont buy into any dips/weakness now. 

Going forward, the next targets/probable tops for the markets are 49929/14693.

Closer to these levels, one can unwind all long INDEX positions and move into cash/stock-specific longs.

Date	15 Jan 21
Index	Sensex	Nifty
S2	49,531	14,580
S1	49,554	14,587
Previous Close	49,584.16	14,595.60
R1	49,664	14,619
R2	49,676	14,623
Fair Value	30,117	8,865

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