Anil Singhvi’s Strategy November 25: Market Sentiment & Trend is Positive; Buy DLF Futures with Stop Loss 212

Amid positive sentiment and neutral global markets, foreign institutional investor (FII), domestic institutional investor (DII) and futures & options (F&O) cues, the short-term trend of Indian share market will be positive on Monday, November 25, 2019.

Earlier on Friday, November 22, 2019, the domestic stock markets closed in red on Friday, November 22, 2019, as investors turned cautious ahead of India's second quarter (September quarter) GDP data that is is scheduled to be published on 29 November 2019. Mixed signals surrounding the US-China trade deal also spoiled sentiment. On Friday, the Sensex at the Bombay Stock Exchange declined 215.76 points, or 0.53 per cent, to end at 40,359.41. The Nifty 50 at the National Stock exchange dropped 54 points, or 0.45 per cent, to close at 11,914.40, while the Bank Nifty lost 238.35 points, or 0.76 per cent, and settled at 31,111.60. 

Tata Steel, which soared by 4.22 per cent was the biggest gainer on Friday and was followed by Eicher Motors (up 4.08 per cent) and Zee Entertainment Enterprises (up 3.13 per cent). While the leading losers that pulled the market in the negative zone on NSE were Bharti Infratel (down 4.07 per cent), Infosys (down 2.85 per cent) and TCS (down 2.41 per cent). 

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

Strong buy zone on Nifty 11,800-11,850 and on Bank Nifty 30,750-31,000. 

Profit Booking Range on Nifty 11,950-12,025 and on Bank Nifty 31,350-31,450.

The small day range for trading on Nifty stands at 11,875-11,950, while the medium and bigger ranges lie between 11,850-11,975 and 11,800-12,025. 

The small day range for trading on Bank Nifty stands at 31,000-31,200, while the medium and bigger ranges lie between 30,850-31,350 and 30,750-31,450.

For Existing Long Positions:

Nifty intraday and closing stop loss 11,850.

Bank Nifty intraday and closing stop loss 31,000.

For Existing Short Positions:

Nifty intraday and closing stop loss 12,050. 

Bank Nifty intraday and closing stop loss 31,500.

For New Positions:

Buy Nifty with a stop loss of 11,850 and target 11,950, 11,975, 12,000. 

Sell Nifty in 11,975-12,025 with a stop loss of 12,050 and target 11,950, 11,900. 

Buy Bank Nifty with a stop loss of 31,000 and target 31,200, 31,350, 31,450. 

Sell Bank Nifty in 31,350-31,450 range with a stop loss of 31,500 and target 31,200, 31,100, 31,000. 

The put-call ratio (PCR) is 1.31 and the volatility index (VIX) is 14.87.

No stock in F&O Ban

Stock of the Day:

Buy DLF Futures: Stop loss 212 and target 222, 227. Real Estate stocks looking positive. Morgan Stanley upgrades with a target of Rs269 from Rs201.