Tuesday, July 7, 2020

The Sensex Outlook for the Day 07-07-2020

The markets moved closer to the targets of ~36972/10887 given yesterday.Conservative traders can now begin to unwind their NIFTY longs and move to cash/stock specific longs. This is not the time to short the NIFTY yet, just begin to unwind NIFTY longs. We continue to hold stock-specific longs. Keep a closing SL at 35940/10600 for all market-wide long positions.

Date07-Jul-20
IndexSensexNifty
S2           36,332           10,718
S1           36,458           10,755
Previous Close      36,487.28      10,763.65
R1           36,574           10,789
R2           36,688           10,823
Fair Value           31,352             9,249

Raghav's Picks Trading Range Indicator.png


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