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

Answer
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Amit Kumar Gupta answered.
2 years 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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