Anil Singhvi’s Market Strategy December 31: PSU, Midcaps & Smallcaps are Positive; United Spirits is Stock of the Day

Indian markets on Friday, December 28, 2018, and closed with gains for the third day in a row. Both indices, Nifty 50 and Sensex, logged gains of around 0.75 per cent amid positive global cues, strengthening rupee and the inflow of foreign fund. 

Nifty 50 surged 80.10 points, or 0.74 per cent, to settle at 10,859.90 while Nifty Bank went up 246.70 points to close at 27,125.25. The S&P BSE Sensex climbed 269.44 points, or 0.75 per cent, to regain 36,000 level and end at 36,076.72. 

Titan (4.11 per cent), Sun Pharma (3.37 per cent) and IOC (3.21 per cent) were the top gainers of the day and Bharti Infratel (-1.56 per cent) was the top loser on Friday. 

Positive global market, foreign institutional investors (FII), domestic institutional investors (DIIs), future and option (F&O) and sentiments cues, suggests that the short-term trend of the Indian market will be positive on Monday, December 31, 2018, the last day of trading of the year.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 31: 
The small and medium trading range on Nifty lies between 10,825-10,900 and 10,800-10,925 respectively. The extreme range stands at 10,750-10,975. 
In the case of Bank Nifty, the small and medium trading range lies between the mark of 27,050-27,250 and 27,000-27,350 while the extreme range stands at 26,900-27,450. 
Traders are advised to close their positions if the two indices, Nifty and Bank Nifty, close below the mark of 10,725 and 26,850 respectively. 
However, the market will go bullish if the market closes above the mark of 10,050 and 27,400. 

Buy and Sell Strategy on Nifty
Buy Nifty with a with a stop loss of 10,800 and target of 10,900, 10,950, 10,975. 
Sell Nifty in 10,975-11,000 range with a stop loss of 11,050 and target 10,950, 10,925. 

Buy and Sell Strategy on Bank Nifty
Buy Bank Nifty with a stop loss of 27,000 and target 27,200, 27,250, 27,375. 
Sell Bank Nifty in 27,400-27,500 range with a stop loss of 27,550 and target 27,350, 27,250. 

Watch this Zee Business tweet video

#EditorsTake | #DonaldTrump और #XiJinping के बीच फोन पर हुई बात का क्या मायने निकालना चाहिए, क्या #TradeWar की चिंता कम हुई समझते हैं अनिल सिंघवी से। @AnilSinghviZEE @dkalra81 pic.twitter.com/0zbRnpXjfx

— Zee Business (@ZeeBusiness) December 31, 2018

Sectors in focus:
Positive: PSU, Midcaps, Smallcaps
Already in F&O Ban: Adani Power

The put-call ratio (PCR) stands at 1.54 and the volatility index (VIX) is 15.27. 

Stock of the Day:
Buy United Spirits Futures: Stop loss 635 and target 655, 670. 
Hotels to remain open whole night on December 31, 2018.