Market Data

Tuesday, April 13, 2021

The Sensex Outlook for the Day 13-04-2021

The expectations of a big-bang upmove after a gap-down opening fell flat on its face. The markets have broken all key supports - however, we have seen this pattern in the past as well. The SL for the most aggressive long trade also gets triggered and the markets rise like a phoenix from thereon. If the markets can regain 48414/14469 today, then be rest assured that this pattern will continue. 
Conservative traders can look at stock-specific opportunities or take long trades on the NIFTY with a tight SL and small targets.
Date13 Apr 21
IndexSensexNifty
S2 47,168 14,097
S1 47,693 14,254
Previous Close 47,883.38 14,310.80
R1 48,178 14,399
R2 48,325 14,443
Fair Value 30,538 9,127 

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