The Sensex Outlook for the Day 19-01-2021

Having broken key supports - the markets are now looking to break 48000/14100 in the near term.

Do not get carried away with any bounce/rally as they will be sold into.

Remaining short on the NIFTY and or having stock specific longs will be the best strategy for now.

Date	19 Jan 21
Index	Sensex	Nifty
S2	48,128	14,153
S1	48,404	14,234
Previous Close	48,564.27	14,281.30
R1	48,697	14,320
R2	48,763	14,340
Fair Value	30,525	8,976

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