Anil Singhvi’s Strategy August 19: Amid positive global markets, foreign institutional investors (FIIs), sentiments, neutral futures & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Wednesday, August 19, 2020.

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Benchmark domestic stocks on Tuesday, August 18, 2020, gained around 1.25 per cent amid positive global cues. The sentiment was boosted by hopes that the government will spend more to support the economy. A decline in active COVID-19 cases also improved risk appetite. The Sensex at Bombay Stock Exchange climbed 478 points, or 1.26 per cent, to close at 38,528. Nifty at National Stock Exchange also surged 138 points, or 1.23 per cent, to settle at 11,385. Similarly, Bank Nifty rose 470 points, or 2.16 per cent, to end at 22,171.

In the broader market at BSE, the Mid-cap rose 1.13 per cent and Small-cap gained 1.30 per cent.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for August 19: 

Day Support zone on Nifty is 11,250-11,300 and the higher range is 11,450-11,500.

Day support zone on Bank Nifty is 21,900-22,075 and the higher range is 22,425-22,500, above that 22,600-22,750 is the strong profit-booking range. 

The small day range on Nifty is 11,325-11,450, while the medium and bigger ranges are 11,300-11,500 and 11,250-11,550, respectively.

The small day range on Bank Nifty is 22,075-22,325, while the medium and bigger ranges are 22,000-22,425 and 21,900-22,500, respectively.

Put-Call Ratio (PCR) is 1.65; India Volatility Index (VIX) 4% down at 20.43.

For Existing Long Positions:

Nifty intraday stop loss is 11,250 and closing stop loss is 11,175.

Bank Nifty intraday and closing stop loss are 21,900.

For Existing Short Positions:

Nifty intraday and closing stop loss are 11,400.

Bank Nifty intraday stop loss is 22,500 and closing stop loss is 22,300. 

For New Positions: 

Buy Nifty with a stop loss of 11,250 and target 11,450, 11,500.

Sell Nifty near 11,500 with a stop loss of 11,550 and target 11,450, 11,400, 11,375.

Buy Bank Nifty with a stop loss of 21,900 and target 22,325, 22,425, 22,500, 22,575.

Sell Bank Nifty in 22,425-22,575 range with a stop loss of 22,650 and target of 22,325, 22,225, 22,100.

13 Stocks In F&O Ban:

4 New in Ban: Adani Ent, IB Housing, ZEEL, Bank Of Baroda

9 Already In Ban: Vodafone Idea, Vedanta, SAIL, Aurobindo Pharma, Ashok Leyland, BHEL, Manappuram Finance, Sun TV, JSPL

2 Out of Ban: Bata India, Glenmark Pharma