The Sensex Outlook for the Day 22-01-2021

The markets crossed 50000/14700 and corrected thereafter.

The upside in the indices is limited.

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

Stock specific long opportunities still exist.

Date	22 Jan 21
Index	Sensex	Nifty
S2	49,399	14,524
S1	49,605	14,585
Previous Close	49,624.76	14,590.35
R1	49,681	14,607
R2	49,736	14,623
Fair Value	30,392	8,936

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