Anil Singhvi’s Strategy June 14: Day support zone on Nifty is 15,650-15,700 & Bank Nifty is 34,650-34,800
Amid neutral global markets, foreign institutional investors (FIIs), futures & options (F&O), positive domestic institutional investors (DIIs) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, June 14, 2021.
Amid neutral global markets, foreign institutional investors (FIIs), futures & options (F&O), positive domestic institutional investors (DIIs) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Monday, June 14, 2021.
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Key indices ended with small gains on Friday, June 11, 2021, amid positive global cues. The S&P BSE Sensex rose 174.29 points or 0.33 per cent to end at 52,474.76. The Nifty 50 index gained 61.60 points or 0.39 per cent to close at 15,799.45. However, the Bank Nifty index fell 83.80 points or 0.24 per cent and settled lower at 35,047.40.
In the broader markets, the BSE MidCap index closed 0.14 per cent up while the BSE SmallCap index ended 0.40 per cent higher.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 14:
Day support zone on Nifty is 15,650-15,700, below that 15,550-15,600 is a strong Buy zone.
Day higher zone on Nifty is 15,775-15,825, above that 15,875-15,925 is a Profit-booking zone.
Day support zone on Bank Nifty is 34,650-34,800, below that 34,400-34,525 is a strong Buy zone.
Day higher zone on Bank Nifty is 35,300-35,450, above that 35,550-35,650 is Strong Sell zone.
Small Day Range for trading on Nifty is 15,700-15,800, while the medium and bigger day ranges are 15,650-15,825 and 15,575-15,875, respectively.
Small Day Range for trading on Bank Nifty is 34,750-35,300, while the medium and bigger day ranges are 34,650-35,375 and 34,400-35,450, respectively.
FIIs Index long at 83% Vs 82%
PCR higher at 1.35 Vs 1.52
India VIX down by 6% at 14.10
For Existing Long Positions:
Nifty intraday stop loss is 15,675 and closing stop loss is 15,575.
BankNifty intraday stop loss is 34,900 and closing stop loss is 34,800.
For Existing Short Positions:
Nifty intraday and closing stop loss are 15,850.
BankNifty intraday stop loss is 35,550 and closing stop loss is 35,375.
For New Positions:
Sell Nift with a stop loss of 15,850 and target 15,750, 15,700, 15,675, 15,650, 15,625, 15,575.
Buy Nifty in 15575-15650 range with a stop loss of 15,500 and target 15,700, 15,750, 15,800, 15,825.
For New Positions:
Sell BankNifty with a stop loss of 35,375 and target 34,900, 34,800, 34,750, 34,650, 34,525.
Buy BankNifty in 34650-34750 range with a stop loss of 34,400 and target 34,900, 34,975, 35,050, 35,150, 35,300.
F&O Ban Update:
5 Already In Ban: Sun TV, Nalco, BHEL, Canara Bk, Indiabulls Hsg Fin
New In Ban: Nil
Out Of Ban: Nil
Shyam Metalics IPO Preview:
APPLY FOR BIG LISTING GAINS AND FOR LONG TERM
Stock to DOUBLE in Long Term
Positives:
Highly experienced promoters
Impressive track record of growth
Low Debt Equity ratio at 0.11
High ROE 26.2%
New CAPEX to double capacity by FY25
Attractive Valuations
Negatives:
Promoters hold 88.35% post IPO
Further reduction of stake in future
Sona BLW Precision IPO Preview:
APPLY FOR LONG TERM FOR 1-3 YEARS PERIOD OR BUY POST LISTING
Positives:
Experienced Promoters and proven track record
Big growth potential in the electric vehicle segment
Low Debt Equity Ratio 0.16 and high ROE 17.3%
Negatives:
Expensive Valuations at 72 PE Ratio
08:40 AM IST