Monday, July 13, 2020

The Sensex Outlook for the Week Starting 13-07-2020

The indices are showing signs of fatigue and loss of momentum, however, the Bulls seem to be in no mood to give up just yet. 
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.
As always, stick to stocks only from the universe of the F&O stocks.

Date13-Jul-20
IndexSensexNifty
S2           36,565           10,759
S1           36,581           10,764
Previous Close      36,594.33      10,768.05
R1           36,642           10,782
R2           36,749           10,814
Fair Value           31,511             9,272
Raghav's Picks Trading Range Indicator - NIFTY.png
Raghav's Picks Trading Range Indicator - SENSEX.png
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