The Sensex Outlook for the Day 16-04-2021

While the trend continues to be positive - the markets need to convincingly take out 49215/14705 for a booster dose for the bulls.

Aggressive traders remain long/keep adding to your longs.

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

Date	16 Apr 21
Index	Sensex	Nifty
S2	48,567	14,511
S1	48,717	14,556
Previous Close	48,803.68	14,581.45
R1	48,888	14,607
R2	48,914	14,614
Fair Value	30,441	9,095

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