InvestorQ : What is the market outlook and nifty for the week starting from 25th January 2021?
Radhika Arya made post

What is the market outlook and nifty for the week starting from 25th January 2021?

Answer
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3 months ago
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The outlook and trend for Indian markets remain unchanged from the last week. It is presently in a territory
where short positions may be considered as risk-reward continues to favor shorts. The momentum has increased
further; indicating a 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.

For this week-
• The day traders may avoid trading in the 14215 - 14370 nifty range. The long positions may be held with a stop loss
of 14190.
• For Bank Nifty short and midterm trends are now negative, while near term trend is neutral. Day Trading may
be avoided in the 30818 - 31215 range. For all long positions maintain a strict stop loss of 30470.

Global markets remained positive, despite a rising number of Covid cases in the US and UK remained a cause of worry. Mix macro data added to the volatility. S&P500gained close to 2%. Precious metals gained as traders booked profit in cryptocurrencies. USD was a tad weaker, while US Treasuries were almost unchanged. Crude also ended marginally higher.
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