InvestorQ : Can you share the market outlook for the current week starting 15th February 2021?
sara Kunju made post

Can you share the market outlook for the current week starting 15th February 2021?

Answer
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3 months ago
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Despite the sharp recovery from previous week lows, the outlook and trend for Indian markets remains unchanged. It continues to remain in a territory where positional short positions may be considered as risk reward continues to favor shorts. The momentum also continues to rise; indicating materially higher probability of a sudden change in the trend. The short term (weekly) and midterm (Monthly) trend and outlook for Nifty are firmly negative indicating an adverse risk reward ratio. The near term (daily) outlook and trend for Nifty is neutral implying an even risk reward ratio. For this week-

• The day traders may avoid trading in 14610-14735 nifty range, as in this range volatility may be high and stop losses on both sides may get hit. The long positions may be held with a stop loss of 14845.

• For Bank Nifty also short and midterm trends are negative, while near term trend is neutral. Day Trading may be avoided in 34670-35100 range. For all long position maintain a strict stop loss of 34890.
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