The Sensex Outlook for the Week Starting 10-05-2021

Continue to tread cautiously with the NIFTY & BANKNIFTY. Sustaining the current levels is dicey.

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	10 May 21
Index	Sensex	Nifty
S2	49,057	14,778
S1	49,124	14,798
Previous Close	49,206.47	14,823.15
R1	49,227	14,829
R2	49,418	14,887
Fair Value	33,162	9,990

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