Anil Singhvi’s Strategy March 25: Metals, Banks, NBFC & Auto sectors are Negative today; Sell Hindalco Futures with Stop loss 211

Neutral foreign institutional investors (FII) and futures & options (F&O), negative domestic institutional investors (DIIs) and global outlook and cautious sentiments cues suggest that the short-term trend of the Indian stock market will remain neutral on Monday, March 25, 2019. 

Earlier on Friday, March 22, 2019, the benchmark domestic indices closed with losses snapping winning rally of eight sessions. On the day, the S&P BSE Sensex declined 222.19 points or 0.58% to end at 38,164.61. The Nifty 50 also fell 64.10 points or 0.56% to settle at 11,456.90 while Nifty Bank lost 249.70 points or 0.84% to close at 29,582.50. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 25:
11,400 and 29,500 are going to be the deciding levels on Nifty and Bank Nifty respectively. 

The small day range got trading on Nifty stands at 11,400-11,450 while the medium and bigger range lies between 11,350-11,500 and 11,300-11,550. 

The small day range for trading on Bank Nifty stands at 29,500-29,600 while the medium and bigger range lies between 29,350-29,700 and 29,100-29,800. 

Neat strong support zone on the two indices, Nifty and Bank Nifty, lies between the range of 11,300-11,350 and 29,000-29,100 respectively. 

Neat strong sell zone on the two indices, Nifty and Bank Nifty, lies between the range of 11,500-11,550 and 29,700-29,850 respectively. 
 
For Existing Long Positions:
Nifty Intraday stop loss already triggered, Closing stop loss 11,450.

Bank Nifty Intraday and Closing stop loss at 29,600 triggered.

For Existing short positions:
Nifty Intraday and Closing stop loss 11,550. Bank Nifty Closing stop loss 29,800. 

For New Positions:
Sell Nifty with a stop loss of 11,500 and target 11,400, 11,350. 

Buy Nifty in 11,325-11,350 range with a stop loss of 11,275 and target 11,400, 11,425.  

Sell Bank Nifty with a stop loss of 29,600 and target 29,350, 29,100. 

Buy Bank Nifty near 29,100 with a stop loss of 29,000 and target 29,300. 

The put-call ratio (PCR) stands at 1.60 and the volatility index (VIX) is 16.28.

Sectors:
Negative: Metals, Banks, NBFC, Auto

Enters F&O Ban: PNB

Exit Ban: Nil
5 Already in Ban: IDBI, Jet Airways, Adani Enterprises, Reliance Power, Adani Power
 

Stock of the Day:
Sell Vedanta Futures: Stop loss 176 and target 168, 166, 163. Fears of a global slowdown

Aaj Ka Hero:
Sell Hindalco Futures: Stop loss 211 and target 204, 202, 200. Fears of a global slowdown