Anil Singhvi’s Strategy April 11: RVNL to list around 19-19.50; Buy Wipro Futures with Stop Loss 277

Positive foreign institutional investors (FIIs), neutral global markets, futures & options (F&O) and domestic institutional investors (DIIs) and cautious sentiments cues suggest that the short-term trend of the domestic stock markets will be neutral on Thursday, April 11, 2019.

Earlier on Wednesday, April 10, 2019, the domestic stock markets ended lower after tracking negative cues after IMF cut global growth estimate to 3.3 per cent for this year. On the day, BSE Sensex slumped 353.87 points (0.91%) to close at 38,585.35. The Nifty 50 declined 87.65 points (0.75%) to end at 11,584.30 and Bank Nifty went 310.30 points (1.03%) and settled below the mark of 30,000 at 29,803.50.

See Anil Singhvi's tweet below:

#MarketStrategy | जानिए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार स्ट्रैटेजी।

@AnilSinghviZEE #IndiaElections2019 #VoteForIndia #MakeYourMark #CastYourVote pic.twitter.com/VmILRKsDlR

— Zee Business (@ZeeBusiness) April 11, 2019

Zee Business's Managing Editor Anil Singhvi's Market Strategy for April 11:
11,600 and 29,800 are going to be the deciding levels on Nifty and Bank Nifty respectively. 
The small and medium day range for trading on Nifty lies between 11,550-11,650 and 11,525-11,675 respectively. The bigger range stands between 11,500-11,700.
In the case of the Bank Nifty, the small and medium day range for trading resides between 29,700-30,000 and 29,500-30,150. 

See Zee Business Live TV streaming below:

For Existing Long Positions:
Nifty Intraday stop loss 11,550 and Closing stop loss triggered. 
Bank Nifty Intraday and Closing stop loss triggered. 

For Existing short positions:
Nifty Intraday and Closing stop loss 11,700 and target 11,550, 11,500. 
Bank Nifty Intraday stop loss 30,000 and Closing stop loss 30,100 and target 29,700, 29,550.  

For New Positions:
Buy Nifty in 11,550-11,575 range with a stop loss of 11,500 and target 11,650, 11,675.
Sell Nifty in 11,675-11,700 range with a stop loss of 11,725 and target 11,600.  

Buy Bank Nifty near 29700 with a stop loss of 29,650 and target 29,900, 30,000. 
Sell Bank Nifty in 30,000-30,100 range with a stop loss 30,200 and target 29,900, 29,800. 

The put-call ratio (PCR) stands at 1.33 and the volatility index (VIX) is 21.13.

Enter and Exit F&O Ban: Nil

7 Already in Ban: Adani Power, IDBI, Jet Airways, Reliance Power, DLF, PC Jewellers, Wockhardt.

Stock of the Day:
Sell BPCL Futures: Stop loss 363 and target 352, 345. Petro/Diesel prices were not increased despite higher crude prices and soft Rupee. 

Aaj Ka Hero:
Buy Wipro Futures: Stop loss 277 and target 285, 288. Board meeting to consider Buyback on April 16, 2019. 

RVNL Listing:
RVNL to list around 19-19.50. Short term investors exit at listing. Long term investors can hold.