The Sensex Outlook for the Day 08-04-2021

The levels of 50019/14926 are strong resistances, post which we can see a faster move towards 50931/15198, in the near term.

Aggressive traders can STILL continue to hold/add naked longs on the NIFTY.

Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets.

Date	8 Apr 21
Index	Sensex	Nifty
S2	49,513	14,775
S1	49,552	14,786
Previous Close	49,661.76	14,819.05
R1	49,837	14,871
R2	49,900	14,890
Fair Value	30,800	9,191

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