The Sensex Outlook for the Week Starting 08-03-2021

Just when the markets were on track for the targets of 49900/14800, they found strong supports at ~50160/14862. 

Currently, the markets are again poised at strong supports and will see a bounce from the current levels.

We can see a swift upmove till ~51000/15100 or higher before the markets think of correcting again.

We already hold NIFTY calls of this week's expiry, brought on Friday.

Date	8 Mar 21
Index	Sensex	Nifty
S2	50,326	14,915
S1	50,391	14,934
Previous Close	50,405.32	14,938.10
R1	50,484	14,961
R2	50,523	14,973
Fair Value	30,283	8,975

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