Anil Singhvi’s Strategy December 26: Market Trend and Sentiment is Positive; Buy D-Mart Cash with Stop Loss 1890

Amid positive sentiment, neutral global markets, foreign institutional investors (FII), domestic institutional investors (DIIs) and futures and options (F&O) cues, the short-term trend of the Indian stock markets will remain positive Thursday, December 26, 2019.

Equity benchmarks on Tuesday, December 24, 2019, closed with marginal losses for the second session in a row. Sensex and Nifty, both, lost around 0.4 per cent amid mixed cues from global markets. Sensex at Bombay stock exchange fell 181.40 points, or 0.44%, to close at 41,461.26. Nifty at National Stock Exchange also slipped 48.20 points, or 0.41%, to settle at 12,214.55. Similarly, Bank Nifty lost 48.95 points, or 0.15%, to close at 32,290.50.

See Zee Business Live TV streaming below:

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 26:

Strong day support zone on Nifty is 12,135-12,165 and Bank Nifty is 32,100-32,200.  

The small day range for trading on Nifty stands at 12,190-12,225, while the medium and bigger ranges lie between 12,165-12,260 and 12,135-12,290.

The small day range for trading on Bank Nifty stands at 32,200-32,350, while the medium and bigger ranges lie between 32,100-32,450 and 32,025-32,500. 

For Existing Long Positions:

Nifty intraday and closing stop loss 12,190. 

Bank Nifty intraday and closing stop loss 32,200. 

For Existing Short Positions:

Nifty intraday and closing stop loss 12,300. 

Bank Nifty intraday and closing stop loss 32,500.

For New Positions:

Buy Nifty in 12,165-12,180 range with a stop loss of 12,125 and target 12,215, 12,260, 12,275. 

Sell Nifty near 12,250-12,275 range with a stop loss of 12,300 and target 12,220, 12,200. 

Buy Bank Nifty in 32,100-32,200 range with a stop loss of 32,000 and target 32,250, 32,350, 32,450. 

Sell Bank Nifty in 32,400-32,450 range with a stop loss of 32,500 and target 32,350, 32,250, 32,200. 

Still in F&O Ban: Dish TV

Put-Call Ratio (PCR) 1.48, the volatility index (VIX) very low at 11.63, Volatility may increase. 

Stock of the Day:

Buy D-Mart Cash: Stop loss 1890 and target 1920, 1935. Retail stocks looking strong.