Monday, July 6, 2020

The Sensex Outlook for the Week Starting 06-07-2020

The next targets for the markets are ~36972/10887. Remain long on the NIFTY with a closing SL at 35545/10561. As long as the SL levels are not broken on close, the bulls will continue to have an upper hand in the markets. 
If you're a conservative trader, then a simple NIFTY long strategy is the best for you, with the SL levels as mentioned above. Even for stock-specific positions, keep a closing SL at the stock as well as the market level.

Date06-Jul-20
IndexSensexNifty
S2           35,962           10,590
S1           35,991           10,598
Previous Close      36,021.42      10,607.35
R1           36,066           10,620
R2           36,265           10,679
Fair Value           31,091             9,155

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 

 

Subscribe via email

Enter your email address:

Delivered by FeedBurner