Anil Singhvi's Market Strategy November 15: Market is Positive; Yes Bank and Page Industries are Stocks of the Day

Amid neutral global markets, domestic institutional investors (DIIs), global markets, foreign institutional investors (FII), and positive future and option (F&O), sentiments, the short-term trend of the Indian market is set to be positive today, on November 15, 2018.

Anil Singhvi's Market Strategy November 15: Market is Positive; Yes Bank and Page Industries are Stocks of the Day

Indian markets ended on a flat note after trading in a range-bound manner on November 14, 2018. Nifty 50 closed down by 6.20 points (0.06%) at 10,576.30 while Nifty Bank went up by 161.55 points (0.63%) to close at 25,930.15. S&P BSE Sensex went down by 2.50 points (0.01%) and closed 35,141.99

Amid neutral global markets, domestic institutional investors (DIIs), global markets, foreign institutional investors (FII), and positive future and option (F&O), sentiments, the short-term trend of the Indian market is set to be positive today, on November 15, 2018.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 15:

10,600 and 26,000 are going to be the deciding levels on Nifty and Bank Nifty. 

The small and bigger trading range on Nifty lies between 10,525-10,625 and 10475-10650 respectively while the extreme range rests at 10,450-10,700. 

The small and bigger trading range for BankNifty lies between 25,800-26,050 and 25,700-26,100. The extreme range stands at 25,600-26,250.

The strong support zone on the two indices, Nifty and BankNifty stand at 10,525 and 25,700-25,800 respectively. 

Traders can start fresh buying if Nifty closes above the mark of 10,600. 

Sell and Buy strategy on Nifty 

Buy Nifty with a stop loss of 10,525 and target of 10,625, 10,650 and 10,700. 

Sell Nifty in the range of 10,650-10,700 with a stop loss of 10,725 and target of 10600

Sell and Buy strategy on BankNifty 

Buy BankNifty with a stop loss of 25,700 and target of 26,000, 26,100 and 26,250

Sell BankNifty in the range of 26,050-26,150 with a stop loss of 26,250 and target of 26,000, 25,900 and 25,800. 

Enter or out of F&O ban: Nil

Already in F&O ban: Adani Power and Jet Airways. 

The put-call ratio (PCR) stands at 1.57 and the volatility index (VIX) is 18.82.   

Sectors:

Positive: Cement

Result Analysis:

Buy UBL Futures: Stop loss 1285 and target of 1340, 1355 and 1370. Strong volume growth and best performance so far. 

Sell Idea Futures: Stop loss 42 and target 38, 37.25. Big loss and weak outlook. 

Apollo Hospital: Stop loss 1150 and target 1185, 1200. 

Results good and, profit booking if it opens up with a gap

Stock of the Day:

Sell Yes Bank Futures: Stop loss 228 and target of 213, 208, 202

Written By: ZeeBiz WebTeam
Updated: Thu, Nov 15, 2018
09:39 AM IST
ZeeBiz WebDesk
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