Snapping a three-day losing streak, the domestic markets, Sensex and Nifty, on Wednesday, December 26, 2018, closed with sharp gains. The 30-share S&P BSE Sensex climbed 179.79 points, or 0.51 per cent to end at 35,649.94 and the Nifty 50 went up by 66.35 points, or 0.62 per cent to close at 10,729.85. 

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Similarly, Nifty Bank also recovered 272.05 points, or 1.02 per cent to close at 26,986.80. 

Zee Entertainment (ZEEL) (4.25%), Adani Ports (4.13%) and Bharti Airtel (4.01%) were the top gainers of the day. Amid positive global market and sentiments, neutral domestic institutional investors (DIIs) and future and option (F&O) and negative foreign institutional investors (FII) cues, the short-term trend of the Indian market is going to be neutral on December 27, 2018.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 27:

10,700 and 27,000 are going to be the deciding levels on Nifty and Bank Nifty. 
10,725-10,800 is going to be the small trading range on Nifty, while 10,700-10,825 and 10,650-10,875 are going to be the medium and extreme ranges respectively.

Watch this Zee Business video here:
 

 

In the case of the Bank Nifty, the small trading range rests at 27,050-27,150, while the medium and extreme ranges lie between 26,950-27,250 and 26,850-27,350 respectively. 
Next important upper zone on the two indices, Nifty and Bank Nifty, lies between 10,850-10,900 and 27,350-27,400. 
Traders can increase their buying positions if the two indices close above the mark of 10,800 and 27,100. 

Buy and Sell Strategy on Nifty 

Buy Nifty with a stop loss of 10,725 and target of 10,800, 10,825, 10,850. 
Sell Nifty in 10,850-10,875 range with a stop loss of 10,900 and target of 10,800. 
 
Buy and Sell Strategy on Bank Nifty 

Buy Bank Nifty with a stop loss of 26,950 and target of 27,150, 27,250, 27,350. 
Sell Bank Nifty in 27300-27400 range with a stop loss of 27,500 and target of 27,250, 27,150. 
Out of F&O ban: Adani Enterprises
Already in Ban: Adani Power

Sectors in focus:

Positive: PSU Banks, NBFC
The put-call ratio (PCR) stands at 1.39 and the volatility index (VIX) is 15.92. 

Stock of the Day:

Buy Bank of India Futures: Stop loss 98 and target 103. BOI to get Rs10,000 Crore additional capital.