InvestorQ : What is the outlook and trend for Indian markets starting from 11thJan 2020?
Tisha Malhotra made post

What is the outlook and trend for Indian markets starting from 11thJan 2020?

Answer
image
1 month ago
Follow
The outlook and trend for Indian markets continue to worsen gradually. It has reached a territory where short
positions may be considered as risk-reward has worsened materially. The momentum has however increased
again, rather substantially; 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 The 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.
1 Views