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