Anil Singhvi’s Market Strategy November 20: PSU Bank & Cement sectors are in focus; OMCs, Paints & Aviation sector are Positive

Putting a strong show for the seventh session in a row, the benchmark indices, Sensex and Nifty, closed with gains on Wednesday, December 19, 2018. S&P BSE Sensex climbed 127.25 points (0.38%) to close at 36,484.33 and Nifty 50 at the National Stock Exchange also added 58.60 points (0.46%) at 10,967.30. 

Amid negative global, domestic institutional investors (DIIs), neutral future and option (F&O), positive foreign institutional investors (FII) and cautious sentiments cues, the short-term trend of Indian market will be positive on December 20, 2018.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 20: 
Track opening of Asian markets and Rupee. 

11,000 and 27,500 are going to be the near important levels on Nifty and Bank Nifty 

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

The small and medium trading range on Nifty lies between 10,900-10,975 and 10,850-11,000 respectively. The extreme range stands at 10,800-11,050. 

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— Zee Business (@ZeeBusiness) December 20, 2018

In the case of the Bank Nifty, the small and medium trading range lies between 27,200-27,350 and 27,050-27,450. The extreme range stands at 26,900-27,650. 

Intraday strong support zone on Nifty and Bank Nifty lie between 10,900-10,925 and 27,150-27,200. 

Traders are advised to reduce their positions in case the two indices closed below the mark of 10,875 and 27,000. 

Buy and Sell Strategy on Nifty
Sell Nifty with a stop loss of 11,000 and target of 10,925, 10,900, 10,850. 

Buy Nifty in the range of 10,825-10,850 with a stop loss of 10,800 and target of 10,900, 10,925. 

Buy and Sell Strategy on Bank Nifty
Sell Bank Nifty with a stop loss of 27,500 and target of 27,150, 27,050, 27,000.

Buy Bank Nifty in the range of 27,000-27,150 with a stop loss of 26,900 and target of 27,250, 27,350. 

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

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अमेरिकी बाज़ारो में लगातार गिरावट की क्या है मुख्य वजह समझिए अनिल सिंघवी से।@AnilSinghviZEE @dkalra81 #EditorsTake pic.twitter.com/xLAMjuPI4R

— Zee Business (@ZeeBusiness) December 20, 2018

Sectors in focus:
PSU Banks: Book profit if recap and PCA news is out.

Cement: Reduce long positions ahead of the GST council meeting.

Positive: OMCs, Paints, Aviation

The put-call ratio (PCR) stands at 1.66 and the volatility index (VIX) is 14.66.   

Stock of the Day:
Sell Ambuja Cement Futures: Stop loss 231 and target 222, 220.

Sell Reliance Infra Futures: Stop loss 306 and target 290. 

DERC imposed a penalty clause in case of power failure.