Anil Singhvi’s Strategy March 19: PSU Banks & Anil Ambani group stocks are Positive; Buy PNB Futures with Stop Loss 86
Positive global and FII sentiments, neutral F&O and negative DII cues, the Zee Business managing Editor Anil Singhvi suggests positive short-term trend of Indian markets.
Amid positive global, foreign institutional investors (FII) and sentiments, neutral futures & options (F&O) and negative domestic institutional investors (DIIs) cue, the short-term trend of the Indian stock markets will be positive on Tuesday, March 19, 2019.
Earlier on Monday, March 18, 2019, the domestic stocks logged gains for the sixth straight session amid positive global cues. On the day, the S&P BSE Sensex gained 70.75 points, 0.19%, to close at 38,095.07. The Nifty 50 rose 35.35 points, 0.31%, to 11,462.20 while Nifty Bank gained 214.65 points, 0.73%, before closing at 29,596.10.
See Zee Business video below:
#FastMoney | संदीप ग्रोवर और डिंपी कालरा से जानिए वो 20 दमदार शेयर जो इंट्राडे में करांएगे आपकी शानदार कमाई।@sandeepgrover09 @dkalra81 @AnilSinghviZEE pic.twitter.com/wdA3gUvr4X
— Zee Business (@ZeeBusiness) March 19, 2019
Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 19:
Small day range on Nifty stands at 11,400-11,525 while the medium resides at 11,340-11,600.
Small day range on Bank Nifty stands at 29,500-29,800 while the medium and bigger ranges reside at 29,350-29,900 and 29,100-30,000 respectively.
Strong support zone on the two indices, Nifty and Bank Nifty, lies between 11,340-11,400 and 29,350-29,500 respectively.
For Existing Long Positions:
Nifty Intraday stop loss 11,400 and Closing stop loss 11,340.
Bank Nifty Intraday stop loss and Closing stop loss 29,350
See Anil Singhvi's tweet below:
#MarketStrategy | जानिए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार स्ट्रैटेजी।@AnilSinghviZEE pic.twitter.com/7vapALorsp
— Zee Business (@ZeeBusiness) March 19, 2019
For Existing short positions:
Nifty and Bank Nifty Intraday and Closing all stop losses triggered.
For New Positions:
Buy Nifty with a stop loss of 11,400 and target 11,500, 11,525, 11,575.
Buy Bank Nifty near 29,500 with a stop loss of 29,350 and target 29,600, 29,800, 30,000.
The put-call ratio (PCR) stands at 1.67 and the volatility index (VIX) is 16.90.
Sectors:
Positive: PSU Banks, Anil Ambani group stocks
Negative: PSU
Total 6 stocks in F&O Ban
Enters Ban: BEML, Just Dial
Out of Ban: Reliance Infrastructure
4 Already in Ban: IDBI, Jet Airways, Adani Enterprises, Reliance Capital.
Stock of the Day:
Buy MindTree Cash: Stop loss 955 and target 975. L&T to buy the majority stake in Mindtree.
Buy Reliance Infrastructure Futures: Stop loss 133 and target 138, 140. Relief for promoters in Ericsson case.
Aaj Ka Hero:
Buy PNB Futures: Stop loss 86 and target 88.50, 89.75. UK court issues arrest warrant against Nirav Modi.
08:53 AM IST