Anil Singhvi’s Strategy April 1: Metals and NBFC are Positive; Apply in RVNL IPO for listing gains in Retail category

Positive domestic institutional investors (DIIs), global market and sentiments, neutral foreign institutional investors (FII) and futures & options (F&O) cues suggest that the short-term trend of the Indian stock markets will remain positive on Monday, April 1, 2019. ‪

Earlier, the domestic stocks ended with modest gains on Friday, March 29, 2019. On the day, the barometer index, S&P BSE Sensex, rose 127.19 points, or 0.33% at 38,672.91. The Nifty 50 index rose 53.90 points, or 0.47%, to close at 11,623.90 while Nifty Bank grew 6.25 points, or 0.021%, to end at 30,426.80.

See Zee Business video below:

#EditorsTake | कैसे करें नए कारोबारी साल में निवेश ? जानिए अनिल सिंघवी से @AnilSinghviZEE pic.twitter.com/FjjAAoTB6C

— Zee Business (@ZeeBusiness) April 1, 2019

Zee Business's Managing Editor Anil Singhvi's Market Strategy for April 1:

11,600 and 30,500 are going to be the deciding levels on Nifty and Bank Nifty.

The small and medium day range for trading on Nifty lies between 11,600-11,700 and 11,570-11,750 respectively.

The small day range for trading on Nifty Bank stands at 30,250-30,500. A big move can be seen if it trades above the mark of 30,500. 

Support Zone on Nifty and Nifty Bank lies between 11,570-11,600 and 30,250-30,400.

For Existing Long Positions:

Nifty Intraday and Closing stop loss 11,570.

Nifty Bank Intraday 30,250 and Closing stop loss 30,400.

For Existing short positions:

Nifty Intraday and Closing stop loss already triggered.

Nifty Bank Intraday and Closing stop loss already triggered.

For New Positions:

Buy Nifty with a stop loss of 11,570 and target 11,700, 11,725, 11,750.

Sell Nifty in 11,725-11,775 range with a stop loss of 11,800 and target 11,700, 11,650.

Buy Nifty Bank with a stop loss of 30,250 and target 30,600, 30,800.

The put-call ratio (PCR) stands at 1.49 and the volatility index (VIX) is 17.18.

Sectors:

Positive: Metals, NBFC

Enter F&O Ban: IDBI, Reliance Power

Exit Ban: Nil

Already in Ban: Adani Power

Stock of the Day:

Sell Cipla Cash: Stop loss 535 and target 520, 510. USFDA inspection report on Maharashtra plant.

Aaj Ka Hero:

Buy Tata Steel Cash: Stop loss 515 and target 530, 535. Metals looking strong.

IPO Analysis:

Rail Vikas Nigam Ltd. (RVNL): Apply in IPO for listing gains in the retail category. 15-20% listing gains possible.