Amid neutral domestic institutional investors (DIIs) and futures and options (F&O), negative global market and foreign institutional investors (FIIs) cues the short-term trend of the domestic Indian markets will be Neutral on Wednesday, August 21, 2019, while sentiment is cautious.

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Earlier on Tuesday, August 20, 2019, the benchmark indices ended lower in the volatile trading session. BSE Sensex lost 74.48 points or 0.20% and closed at 37,328.01. NSE Nifty finished below 11,050 level at 11,017 after losing 36.90 points or 0.33% while Bank Nifty was down by 203.65 points or 0.72% and settled at 27,982.45. Gains in IT and auto stocks were offset by weakness in banks stocks.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for August 21:
11,000 and 28,000 are the deciding levels on Nifty and Bank Nifty.
The small and medium trading range on Nifty lies between the mark of 10,975-11,075 and 10,850-11,150 respectively.
The small and medium trading range on Bank Nifty lies between the mark of 27,850-28,150 and 27,750-28,250 respectively while the bigger range resides at 27,550-28,400.

For Existing Long Positions:
Nifty intraday stop loss 10,975 and closing stop loss 11,000.
Bank Nifty intraday and a closing stop loss of 28,000 already triggered.

For Existing Short Positions:
Nifty intraday and closing stop loss 11,125.
Bank Nifty intraday and closing stop loss 28,250.

For New Positions:
Sell Nifty near 11,075 with a stop loss of 11,150 and target 11,000, 10,925, 10,850.
Buy Nifty in 10,900-10,925 range with a stop loss of 10,850 and target 11,000, 11,050.
Sell Bank Nifty in 28,150-28,200 range with a stop loss of 28,250 and target 28,000, 27,850, 27,750.
Buy Bank Nifty near 27,750 with a stop loss of 27,700 and target 27,850, 27,950, 28,100.  
The put-call ratio (PCR) is at 1.12 and the volatility index (VIX) is 16.63.

2 stocks in F&O Ban: IDBI, DHFL

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Sell Dr Reddys Futures: Stop loss 2565 and target 2505, 2485. 8 observations by USFDA on its plant.

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Buy SBI Futures: Stop loss 282 and target 288, 292. HSBC increases the target to 400.