Anil Singhvi’s Strategy March 13: Buy Metals, Cement, FMCG, Pharma & OMC; Don't buy NBFCs, Banks & Aviation

Anil Singhvi’s Strategy March 13: Amid positive domestic institutional investors (DIIs), negative global markets, foreign institutional investors (FIIs), futures & options (F&O) and sentiment cues, the short-term trend of the Indian stock markets will be negative on Friday, March 13, 2020.

Posting the biggest single-day fall in absolute terms, the domestic benchmark indices nosedived about eight per cent amid a rout in global markets on Coronavirus concerns on Thursday, March 12, 2020. The Sensex at the Bombay Stock Exchange plummeted 2,919.26 points, or 8.18%, to close at a two-year low of 32,778.14. It was over 22% lower to its January high of 42,273.87. The Nifty 50 crashed 868.25 points, or 8.30%, to end at a 32-month low of 9,590.15. Similarly, Bank Nifty also dropped 2,516 .65 points, or 9.50%, to 23,971.15.

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A day after the World Health Organization (WHO) declared the coronavirus outbreak as a pandemic, the equity markets worldwide went in a bear phase - denoted by 20% fall from the recent highs of the benchmarks. Markets have also been slammed this week by a plunge in oil prices after oil exporters said they would increase output rather than cutting production.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 13:

Next Important Support Zone on Nifty is 8,700-8,800, 8,300-8,400 and 7,500-7,600 and Bank Nifty is 22,700-22,900 and 21,900-22,100.

START short blast SIP or invest directly.

Invest 20% at each level given above in three instalments

Keep 40% Cash for lower levels handy.

Start investing for the next 6 weeks, forget it for the next 6 months, Make BIG money in the next 6 years.

Only for STRONG HEARTED INVESTORS, who are ready to see a 20% downward risk.

For traders, still do not take… do not take… do not take…

WHAT to BUY: Metals, Cement, FMCG, Pharma, OMC

DO NOT BUY: NBFCs, Banks, Aviation

For Existing Long Positions:

Nifty intraday and closing stop loss 9,500.

Bank Nifty intraday and closing stop loss 23,500.

For Existing Short Positions:

Nifty intraday and closing stop loss 10,000.

Bank Nifty intraday and closing stop loss 25,250.

For New Positions:

Sell Nifty with a stop loss of 9,500 and target 8,900, 8,800, 8,700, 8,500.

Sell Bank Nifty with a stop loss of 24,000 and target 23,000, 22,800, 22,500, 22,100.

Put-Call Ratio (PCR) High 1.16, Volatility Index (VIX) up by 30% 41.16.

No stock in F&O Ban