The Sensex Outlook for the Day 04-05-2021

The market action yesterday did not surprise nor scare.Going forward, 48536/14580 and 48870/14680 are the levels to watch out on both the sides.

Aggressive traders remain long/keep adding to your long positions till 48445/14552.

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

Date	4 May 21
Index	Sensex	Nifty
S2	48,595	14,597
S1	48,666	14,618
Previous Close	48,718.52	14,634.15
R1	48,740	14,641
R2	48,863	14,678
Fair Value	33,130	9,952

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