Benchmark domestic stocks, Sensex and Nifty, on December 20, 2018, Thursday, closed with marginal losses, snapping winning rally of seven sessions. The S&P BSE Sensex fell 52.66 points, or 0.14 per cent to close at 36,431.67 while Nifty 50 slipped 15.60 points, or 0.14 per cent to end at 10,951.70. 

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Similarly, Nifty Bank was down by 23.30 points, or 0.09 per cent and closed at 27,275.10. 

Amid negative global, neutral domestic institutional investors (DIIs), future and option (F&O), foreign institutional investors (FII) and cautious sentiments cues, the short-term trend of Indian market will be positive on December 21, 2018.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 21:

Upside limited due to weak global markets, downside limited due to Crude and currency.

Volatility to increase, trade contra against the intraday trend. 

Near important levels on Nifty and Bank Nifty stands at the mark of 11,000 and 27,500. 

10,900 and 27,200 are going to be the deciding levels on the two indices, Nifty and Bank Nifty. 

The small and medium trading range on Nifty lies between the mark of 10,900-10,950 and 10,875-10,950 while the extreme range stands at 10,800-11,050. 

The small and medium trading range on Bank Nifty lies between 27,200-27,350 and 27,100-27,450 while the extreme 27,000-27,500. 

Intraday support zone on the two indices lies between 10,875-10,900 and 27,100-27,200. 

Traders are advised to reduce their buying positions if Nifty and Bank Nifty closes below the mark of 10,875 and 27,150. 

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Sell and Buy Strategy on Nifty 

Sell Nifty with a stop loss of 11,000 and target of 10,900, 10,875, 10,850. 

Buy Nifty in 10,850-10, 875 range with a stop loss of 10,800 and target of 10,900, 10,925, 10,950. 

Sell and Buy Strategy on Bank Nifty 

Sell Bank Nifty with a stop loss of 27400 and target of 27,150, 27,050, 27,000. 

Buy Bank Nifty in 27,000-27,050 range with a stop loss of 26,900 and target of 27,150, 27,250.

Already in F&O ban: Adani Enterprises, Adani Power, Jet Airways, Reliance Capital 

Sectors in focus:

PSU Banks: Book profit and short at higher levels as recap and PCA news is out

Cement: Reduce long positions at higher levels ahead of GST council meet

OMC, Tyre and Paints: Buy on dips

The put-call ratio (PCR) stands at 1.66 and the volatility index (VIX) is 14.33. 

Stock of the Day:

Sell OBC Futures: Stop loss 95 and target 92, 91.

Sell Dr. Reddys Futures: Stop loss 2655 and target 2600, 2575.

Buy Chennai Petro Futures: Stop loss 287 and target 295, 297, 300.