The Sensex Outlook for the Week Starting 25-01-2021

We enter a truncated trading week with the F&O expiry and the Budget lined up in the next 7 days.

Any bounce back can be easily sold into by aggressive traders.

The markets have decisive supports at 48658/14307 - once they are broken, we will see further downside till 47900/14080.

Date	25 Jan 21
Index	Sensex	Nifty
S2	48,658	14,307
S1	48,832	14,358
Previous Close	48,878.54	14,371.90
R1	49,127	14,445
R2	49,202	14,467
Fair Value	30,469	8,959

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