Anil Singhvi’s Market Strategy December 13: Banks & NBFC are Positive; IOC & MTNL are Stocks of the Day

Benchmark domestic markets logged robust gains on Wednesday, December 12, 2018. Rising for the second day in a row, the key stocks, Sensex and Nifty, both, gained around 1.8 per cent amid positive global share markets. 

The S&P BSE Sensex climbed 629.06 points (1.79%) to close at 35,779.07 while the Nifty 50 also ended 188.45 points (1.79%) up at 10,737.60. Similarly, Nifty Bank soared 480.456 (1.84%) to close at 26,643.85. 

Bharti Airtel (7.15%) and Indiabulls Housing Finance Limited (6.91%) were the top gainers of the day while Dr Reddy’s (-4.38%) was the top loser of the day. 

Positive sentiments, global markets, and domestic institutional investors (DIIs), neutral future and option (F&O) and negative foreign institutional investors (FIIs) cues suggest that the short-term trend of the Indian markets will be positive on Thursday, December 13, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 13:
• 10,700 and 26,600 are the deciding level on Nifty and BankNifty respectively. 
• The small and medium trading range on Nifty lies between 10,700-10,800 and 10,650-10,825. The extreme range stands between 10,600-10,875
• In the case of BankNifty, the small and medium trading range lies between 26,600-26,750 and 26,500-26,850. The extreme range stands at 26,350-26,950. 
• Traders are advised to reduce their buying positions if Nifty and Bank Nifty will close below the mark of 10,550 and 26,300. 

Watch this Zee Business video

#AsianMarkets से अच्छे संकेतों के बीच कौन से हैं वो अहम ट्रिगर्स जो अनिल सिंघवी के मुताबिक भर सकते हैं बाज़ार में नया जोश।@AnilSinghviZEE @dkalra81 pic.twitter.com/DMgUy8RXLy

— Zee Business (@ZeeBusiness) December 13, 2018

Buy and Sell strategy on Nifty 
Buy Nifty with a stop loss of 10,675 and target of 10,775, 10,825 and 10,875. 
Sell Nifty in the range of 10,875-10,900 with a stop loss of 10,950 and target 10,825, 10,800. 

Buy and Sell strategy on Bank Nifty 
Buy Bank Nifty with a stop loss of 26,500 and target of 26,750, 26,850, 26,950.
Sell Bank Nifty in the range of 26,900-22,700 with a stop loss of 27,050 and target of 26,800, 26,700.
2 stocks already in F&O ban: Adani Enterprises, Adani Power

Sectors: 
Positive: Banks, NBFC
The put-call ratio (PCR) stands at 1.47 and the volatility index (VIX) is 15.81. 

Watch this Zee Business video

#NewsImpact | आज बैंकिंग शेयर क्यों रह सकते हैं फोकस में, #Adani ग्रुप के शेयरों में क्या है खास जानिए खबरों वाले शेयरों की पूरी लिस्ट पूजा त्रिपाठी से।@AnilSinghviZEE @poojat_0211 @deepaliranaa #stockstowatch #stocksinnews pic.twitter.com/iFHoaSuqL6

— Zee Business (@ZeeBusiness) December 13, 2018

Stock of the Day:
Buy IOC Futures: Stop loss 132 and target 140, 142, 145. Board Meet on buyback and dividend. 
Buy Yes Bank Futures: Stop loss 180 and target 192, 195, 200. Board Meet to select new CMD. 
Buy MTNL: Stop loss 13.25 and target 14.75, 15, 15.6. Revival plan was given to Dot.