Thursday, July 23, 2020

The Sensex Outlook for the Day 23-07-2020

Even though the markets bounced off yesterday's lows, they now have a key resistance level at 37955/11157 below which they will continue to drift lower only.

Only with a comfortable close above yesterday's highs (38200/11240) will the bulls have fresh hopes of coming out of their coma.

We continue to hold NIFTY shorts with no SL at the moment.   
Date23-Jul-20
IndexSensexNifty
S2           37,602           11,053
S1           37,740           11,094
Previous Close      37,871.52      11,132.60
R1           37,954           11,157
R2           37,995           11,169
Fair Value           31,526             9,267

Raghav's Picks Trading Range Indicator.png

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By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG Even though the markets bounced off yesterday's lows, they now have a key resistance level at 37955/11157 below which they will continue to drift lower only.


Only with a comfortable close above yesterday's highs (38200/11240) will the bulls have fresh hopes of coming out of their coma.

We continue to hold NIFTY shorts with no SL at the moment.   
Date23-Jul-20
IndexSensexNifty
S2           37,602           11,053
S1           37,740           11,094
Previous Close      37,871.52      11,132.60
R1           37,954           11,157
R2           37,995           11,169
Fair Value           31,526             9,267

Raghav's Picks Trading Range Indicator.png

--

By reading this, you are agreeing to the Disclaimer and Exclusion of Liability at http://www.raghavs-picks.com/disclaimer.JPG 

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