The Sensex Outlook for the Day 05-05-2021

The markets once again tested positive for Covid and the indices cracked below key supports. 

However expect a brief bounce-back today. 

We added NIFTY longs at the fag end of yesterday's session which we will exit before today's close.

Date	5 May 21
Index	Sensex	Nifty
S2	48,028	14,429
S1	48,149	14,465
Previous Close	48,253.51	14,496.50
R1	48,292	14,508
R2	48,409	14,543
Fair Value	33,071	9,935

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