Anil Singhvi’s Strategy June 17: Day support zone on Nifty is 9,725-9,800 & Bank Nifty is 19,500-19,750
Amid negative global market, foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be neutral on Wednesday, June 17, 2020
Amid negative global market, foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral futures & options (F&O) and cautious sentiment cues, the short-term trend of the Indian stock markets will be neutral on Wednesday, June 17, 2020.
Domestic equity benchmarks gained more than one per cent on Tuesday, June 16, 2020, amid positive global cues. Sensex at Bombay Stock Exchange climbed 376 points, or 1.13 per cent to close at 33,605. Similarly, the Nifty at National Stock Exchange settled 100 points, or 1.02 per cent, up at 9,914. Bank Nifty gained 384 points, or 1.93 per cent, to settle at 20,297. In the broader market at BSE, Mid-cap added 0.37 per cent while Small-cap remained flat.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 17:
Day support zone on Nifty is 9,725-9,800, below that strong support zone is 9,500-9,550.
Day higher range on Nifty is 10,000-10,050 and above that, the strong sell zone is 10,125-10,175.
Day support zone on Bank Nifty is 19,500-19,750, higher range is 20,500-20,750, and above that the strong sell zone is 21,000-21,200.
Put-Call Ratio (PCR) is 1.28 and India Volatility Index (VIX) up 1% at 32.97.
For Existing Long Positions:
Nifty intraday stop loss is 9,700 and closing stop loss is 9,800.
Bank Nifty intraday and closing stop loss are 19,900.
For Existing Short Positions:
Nifty intraday stop loss is 10,050 and closing stop loss is 10,175.
Bank Nifty intraday stop loss is 20,500 and closing stop loss is 20,750.
For New Positions:
Buy Nifty in 9,725-9,800 range with a stop loss of 9,675 and target 9,850, 9,900, 9,950, 10,000.
Sell Nifty in 10,000-10,175 range with a stop loss of 10,200, and target 9,950, 9,900, 9,850.
Buy Bank Nifty in 19,500-19,750 range with a stop loss of 19,400, and target 19,900, 20,300, 20,400, 20,500.
Sell Bank Nifty in 20,500-20,750 range with a stop loss of 20,900, and target 20,500, 20,400, 20,300, 20,000.
See Zee Business Live TV Streaming Below:
F&O Ban Update:
Enter F&O Ban: JSPL
Out of Ban: BHEL
Already in Ban: Vodafone Idea, Adani Enterprises, Just Dial
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
09:49 AM IST