Thursday, July 16, 2020

The Sensex Outlook for the Day 16-07-2020

The markets opened above 36283 and then closed within the 35519-36283/10456-10681 band which was given in this column since the last 2 days.
The trading band for the markets has now shifted to the 35646-36346/10499-10705 band, with a downward bias. As of now, we have zero positions on the NIFTY and suggest to stick to stock-specific longs.
As always, stick to trades in stocks from the F&O Universe always.
Date16-Jul-20
IndexSensexNifty
S2           35,877           10,567
S1           35,895           10,572
Previous Close      36,051.81      10,618.20
R1           36,102           10,633
R2           36,252           10,677
Fair Value           31,304             9,220

Raghav's Picks Trading Range Indicator.png

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