The Sensex Outlook for the Week Starting 27-07-2020

    The trading range for the markets shifts to 37898-38220 (11126-11221) from the earlier range of 37980-38225 (11168-11240) given on Friday.

Within this range, the outlook for the markets continues to be neutral, only with a close outside of this range, will we see a further move in the direction of the close. 

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

In stocks, we have an almost equal number of longs as well as shorts - which we will carry over into the August series.

Date	27-Jul-20
Index	Sensex	Nifty
S2	37,898	11,126
S1	38,038	11,167
Previous Close	38,128.90	11,194.15
R1	38,167	11,205
R2	38,236	11,226
Fair Value	31,391	9,216

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