The Sensex Outlook for the Week Starting 21-02-2021

As mentioned in this column last week - "Even though the cues for the NIFTY look bullish, the outlook for the week/February expiry remains downwards only.", the markets closed the week with net losses.

Going forward, below 51000/15000, expect the downtrend to accelerate towards 49870/14680.

Remain short on the NIFTY and look at stock-specific long positions.

Date	22 Feb 21
Index	Sensex	Nifty
S2	50,376	14,830
S1	50,624	14,904
Previous Close	50,889.76	14,981.75
R1	50,982	15,009
R2	51,035	15,024
Fair Value	30,100	8,861

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