The Sensex Outlook for the Day 11-05-2021

Looks like the day when our short positions of the last 3 trading sessions should begin to pay off.

We are holding NIFTY & BANKNIFTY puts of this week's expiry along with Futures short positions.

Aggressive traders can initiate index shorts and conservative traders can stick to stock-specific positions. 

Date	11 May 21
Index	Sensex	Nifty
S2	49,412	14,915
S1	49,495	14,940
Previous Close	49,502.41	14,942.35
R1	49,515	14,946
R2	49,617	14,977
Fair Value	33,289	10,048

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