Anil Singhvi’s Strategy October 25: Markets trend positive; Buy Deepak Nitrate, Target 350-357

Amid negative domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs) sentiments, and neutral global market and futures and options (F&O) cues, the short-term trend of the domestic Indian share market are going to be positive on Friday, October 25, 2019. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for October 25:

Nifty 11475-11500, Bank Nifty 28550-28750 Day Support Zone

Nifty 11675-11700 Bank Nifty 29400-29700 higher zone

Nifty 11550-11600 small day range, 11500-11650 medium range. Bigger range 11475-11675

Bank Nifty 29000-29250 small day range, 28750-29400 medium range. Bigger range 28550-29650

For Existing Long Positions:

Nifty intraday and closing stop loss 11,525

BankNifty intraday and closing stop loss 29,000

 For Existing Short Positions:
Nifty intraday and closing stop loss 11,700
BankNifty intraday and closing stop loss 29,500.

 For New Positions:

Sell Nifty at 11700, target 11,550, 11,500, 11,475

Buy Nifty at 11475-11525 range: SELL 11,450 Tgt 11,550, 11,600, 11,650

Sell Bank Nifty:
Sell at 29,250, target 28,850, 28,750, 28,550

 Buy BankNifty in 28550-28750 range:

Sell  at 28,500, Target 28,900, 29,000, 29,100

PCR 1.25 VIX 16.24

Result Analysis:

Buy ITC Futures:

Sell 247, Target 254, 257

Strong volume growth, operationally better results

Stock of the Day:

Sell Indigo Futures:

Sell 1660, Target 1600, 1565. Below 15,65 it can fall up to 1400

CS cut EPS target by 49% this year, 25% next year

Operational performance and outlook both are weak

Aaj Ka Hero:
Buy Deepak Nitrate: Sell at 339, Target 350, 357. Strong results on all parameters