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.

Date	12 Apr 21
Index	Sensex	Nifty
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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