InvestorQ : What is the market outlook and trend for the week starting from 18thJan 2021?
simran Kaur made post

What is the market outlook and trend for the week starting from 18thJan 2021?

Answer
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4 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 has worsened materially. The momentum has however increased again; indicating a materially higher probability of a sudden change in the trend in this week. 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 14130 - 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 31870 - 32130 range. For all long positions maintain a strict stop loss of 30470.
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