Wednesday, July 22, 2020

The Sensex Outlook for the Day 22-07-2020

The markets are now getting into a tight trading range of 37866-38158/11143-11129. The chances of breaking the range on the downside are far higher than on the upside.
Below 37866/11143, the first targets would be ~37000/10900.

We continue to hold NIFTY shorts with no SL at the moment.   

Date22-Jul-20
IndexSensexNifty
S2           37,866           11,143
S1           37,888           11,150
Previous Close      37,930.33      11,162.25
R1           37,991           11,180
R2           38,158           11,229
Fair Value           31,448             9,255

Raghav's Picks Trading Range Indicator.png
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