Anil Singhvi’s Strategy March 25: Investors can invest small money near 7,200 in Mutual Funds
Anil Singhvi’s Strategy March 25: On account of positive DIIs, neutral FIIs and negative F&O, the short-term trend of the Indian stock markets will be negative today.
Anil Singhvi’s Strategy March 25: Amid positive domestic institutional investors (DIIs), neutral global markets, foreign institutional investors (FIIs) and negative futures & options (F&O) and sentiment cues, the short-term trend of the Indian stock markets will be negative on Wednesday, March 25, 2020.
The domestic markets ended the volatile session with robust gains on Tuesday, March 24, 2020, amid a recovery in global stocks markets. Global stock markets reacted positively to the US Federal Reserve's open-ended asset purchase program on Monday, as well as other measures to keep the market functioning.
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The S&P BSE Sensex jumped 692.79 points or 2.67% at 26,674.03. The Nifty 50 index climbed 190.80 points or 2.51% at 7,801.05. Bank Nifty was 189.65 points or 1.12% up to 17,107.30.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 25:
For traders: Volumes low, volatility high so trade minimum Quantity with strict Stop Loss, Only for INTRADAY.
For Investors: INVEST another SMALL money near 7,200 in Mutual Funds or Invest Directly
Important DAY Support Zone on Nifty is 7,500-7,600, 7,200-7,300 and Bank Nifty is 16,000-16,200.
Higher range on Nifty is 8,050-8,150, 8,250-8,500 and Bank Nifty is 17,800-18,000, 18,500-19,000.
For Existing Long Positions:
Nifty intraday and closing stop loss 7,500.
Bank Nifty intraday and closing stop loss 16,000.
For Existing Short Positions:
Nifty intraday and closing stop loss 8,300.
Bank Nifty intraday and closing stop loss 18,000.
For New Positions:
Sell Nifty in 8,150-8,250 range with a stop loss of 8,400 and target 8,000, 7,850, 7,800, 7,600.
Buy Nifty in 7,500-7,600 range with a stop loss of 7,450 and target 7,800, 8,000, 8,125, 8,250.
Sell Bank Nifty in 17,800-18,500 range with a stop loss of 19,000 and target 17,200, 17,000, 16,200.
Buy Bank Nifty in 16,000-16,200 with a stop loss of 15,800 and target 17,800, 18,000, 18,500, 18,650.
Put-Call Ratio (PCR) High 1.09, Volatility Index (VIX) up 16.15% to 83.61.
3 stocks still in F&O Ban: Adani Enterprises, JSPL, Just Dial
6 Out of Ban: Indiabulls housing, Idea, Yes Bank, NCC, PNB, PVR
09:04 AM IST