Anil Singhvi’s Market Strategy November 19: Pharma, Telecom & Cement sectors are Positive; Aviation is Negative

Putting up a strong show for the second day in a row, the Indian markets closed in a green on Friday, November 16, 2018. Nifty 50 closed 65.50 points or 0.62 per cent higher at 10,682.20 while Nifty Bank was up by 90.80 points or 0.35% per cent to close at 26,245.55. 

S&P BSE Sensex closed at 35,457.16 after going up by 196.62 points or 0.56 per cent.      
    
Positive global, future and option (F&O), sentiments and neutral foreign institutional investors (FII) and domestic institutional investors (DIIs) suggests that the short-term trend of the Indian market will go positive on November 19, 2018.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 19: 

RBI Board Meet is the most important trigger for the market today. 

10,650 and 26,200 are going to be the deciding levels on Nifty and BankNifty.

Small and bigger trading range on Nifty lies between 10,600-10,700 and 10,550-10,750. The extreme range stands at 10,475-10,800. 

In the case of Bank Nifty, the small trading range stands at 26,150-26,350. The bigger and extreme ranges lie between 26,000-26,450 and 25,900-26,600 respectively.

Intraday support on the two indices, Nifty and BankNifty lie between 10,575-10,600 and 26,000-26,150 respectively. 

Traders are advised to reduce their buying positions on the two indices if Nifty and BankNifty closes below the mark of 10,575 and 25,900. 

Buy and Sell Strategy on Nifty 
Buy Nifty with a stop loss of 10,625 and target of 10,700, 10,750 and 10,775. 
Sell Nifty in the range of 10,775-10,800 range with a stop loss of 10,825 and target of 10,700-10,675. 

Buy and Sell Strategy on BankNifty 
Buy Bank Nifty with a stop loss of 26,100 and target of 26,350, 26,450 and 26,500. 
Sell Bank Nifty near 26,500 with a stop loss of 26,600 and target of 26,350, 26,250 and 26,000. 

Enters F&O ban: Nil
Out of ban: Jet Airways
Already in F&O ban: Adani Power, Adani Enterprises 
The put-call ratio (PCR) stands at 1.64 and the volatility index (VIX) is 18.35. 

#StocksInNews | #RBI की अहम बैठक आज, इसके अलावा आज के अहम ट्रिगर्स जानिए पूजा त्रिपाठी से।#RBIBoardMeet @AnilSinghviZEE @SumitResearch @deepaliranaa @dkalra81 @poojat_0211 @12_AparnaRoy pic.twitter.com/PJ4xS4LsnG

— Zee Business (@ZeeBusiness) November 19, 2018

Sectors:
Positive: Pharma, Telecom, Cement
Negative: Aviation

Stock of the Day:
Buy Dr Reddy Futures: Stop loss 2420 and target of 2535, 2600. 
Sell Jet Air Cash: Stop loss 360 and target of 335, 320.