Market Data

Thursday, January 21, 2021

The Sensex Outlook for the Day 21-01-2021

My bearish outlook since last Friday continues to get proved wrong with every UP day in the markets. 
Today also, the writing on the wall says that we will see 50000/14700. 
However the upside is limited and in the short to medium term, having a short position on the indices will pay off very well.

Continue to add shorts on the NIFTY/ sell on rise as per your M2M/holding capacity.

Stock specific long opportunities still exist.
Date21 Jan 21
IndexSensexNifty
S2 49,624 14,595
S1 49,661 14,606
Previous Close 49,792.12 14,644.70
R1 49,874 14,669
R2 50,164 14,754
Fair Value 30,439 8,953 

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