Anil Singhvi’s Market Strategy November 26: Market to be Neutral; OMCs, Cement & Fertilizers are positive

After trying to trade positively in the morning session, the domestic markets reversed the trend in the second half and headed lower to end the day in a red on November 22, 2018. 

Nifty 50 closed down by 73.30 points or 0.69 per cent at 10,526.75 while Nifty Bank was dragged by 262.60 points or 1 per cent and closed at 25,999.45. 
S&P BSE was down by 218.78 points or 0.62 per cent and closed at 34,981.02. 

Zee Entertainment Enterprises Limited (ZEEL) was the top gainer on Nifty and was up by 4.23 per cent and Adani Ports gained 2.01 per cent. 

Positive global markets, foreign institutional investors (FIIs), neutral domestic institutional investors (DIIs), future and option and sentiment cues hint that the short-term trend of the Indian market will remain neutral on November 26, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 26: 
• 10,550 and 26,000 are going to be the deciding levels on Nifty and BankNifty respectively. 
• Smaller and bigger trading range on Nifty lies between 10,500-10,600 and 10,450-10,650. 
• In the case of the Bank Nifty, the small and bigger trading range lies between 25,900-26,150 and 25700-26350. The extreme trading range stands at the mark of 25700-26350. 
• The intraday import support zone on the two indices, Nifty and Bank Nifty, resides at the mark of 10,500 and 25,900 respectively. 
• Strong positional support range on the two indices lies between 10,450-10,500 and 25,700-25,800. 
• Profit booking zone on Nifty and Bank Nifty lies between 10,650-10,700 and 26,250-26,350. 
• Traders can increase their buying positions if Nifty and Bank Nifty close above the mark of 10,650 and 26,250. 
 
Buy and Sell strategy on Nifty
Buy Nifty with a stop loss of 10,500 and target of 10,600, 10,625, 10,650. 
Sell Nifty in the range of 10,650-10,700 with a stop loss of 10,725 and target of 10,600. 

Buy and Sell strategy on Bank Nifty
Buy Bank Nifty with a stop loss of 25,900 and target of 26,150, 26,250, 26,325. 
Sell Bank Nifty in the range of 26,250-26,350 with a stop loss of 26,400 and target of 26,150, 26,050. 

Sectors:
Positive: Oil Marketing Cos., Cement Buy on Dips, Fertilizers

Enters F&O ban: Nil 
Out of ban: PC Jeweller
4 Already in F&O ban: Adani Power, Adani Enterprises, Jet Airways, DHFL

The put-call ratio (PCR) stands at 1.46 and the volatility index (VIX) is 19.16.  

Watch this video on Zee Business twitter

#ZBizView | देशी-विदेशी सेंटीमेंट का कितना असर होगा बाज़ारों पर जानिए अनिल सिंघवी से।@AnilSinghviZEE @SumitResearch @sandeepgrover09 @deepaliranaa @dkalra81 @poojat_0211 @12_AparnaRoy pic.twitter.com/c1OA3TpMHK

— Zee Business (@ZeeBusiness) November 26, 2018

Stock of the Day:
Buy HPCL Futures: Stop loss 240 and target of 250 253, 258. 
Buy BPCL Futures: Stop loss 317 and target of 328, 333, 340. 
Buy ACC Futures: Stop loss 1440 and target 1490, 1510. Accumulate cement stocks on dips. 
Buy Apollo hospital Futures: Stop loss 1200 and target of 1240-1255. HDFC Ergo in talks to buy Apollo Munich Insurance.