Market Data

Monday, April 13, 2020

The Sensex Outlook for the Week Starting 13-04-2020

The near to short term trend remains clearly upwards. Remain long, add to your longs. Conservative traders can keep a closing SL at 30738/8988.
However, do not forget that we are in a bear market rally. Bear market rallies can be very sharp-strong and can make a trader forget that he is in a bear market before catching him off-guard. Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.

S2           30,870             9,027
S1           30,935             9,046
Previous Close      31,159.62        9,111.90
R1           31,228             9,132
R2           31,518             9,217
Fair Value           34,721           10,153
GenerateChart (1).png

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