Market Data

Monday, April 12, 2021

The Sensex Outlook for Week Starting 12-04-2021

The expected gap-down should be used to add aggressive longs with a view on this week's expiry. 
At the current SGX Nifty levels of 14671 as of 7:50 AM, the market seems to have done all the levels on the downsides and a big bang up-move is on its way.
Aggressive traders can 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.
Date12 Apr 21
IndexSensexNifty
S2 49,472 14,799
S1 49,550 14,823
Previous Close 49,591.32 14,834.85
R1 49,643 14,850
R2 49,684 14,863
Fair Value 30,574 9,146 



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