Tuesday, July 14, 2020

The Sensex Outlook for the Day 14-07-2020

There is no change in the near term outlook for the markets.
Any move outside of the 36554-36795 / 10756-10827 band will turn the near term trend of the markets in the direction of the move.
For traders, it would be best to remain neutral/short on the NIFTY and stick to stock-specific longs. 
Aggressive traders can do better with initiating NIFTY shorts.
As always, stick to stocks only from the universe of the F&O stocks.

Date14-Jul-20
IndexSensexNifty
S2           36,606           10,777
S1           36,661           10,793
Previous Close      36,693.69      10,802.70
R1           36,751           10,819
R2           36,779           10,828
Fair Value           31,326             9,222



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