Anil Singhvi’s Strategy December 19: Market Trend is Positive; Sell Tata Motors Futures with a Stop Loss of 176

Amid positive foreign institutional investors (FII) and sentiment, negative global markets, domestic institutional investors (DIIs) and cautious futures and options (F&O) cues, the short-term trend of the Indian markets will remain positive on Thursday, December 19, 2019.

The stocks markets closed at record high levels for the second session in a row on Wednesday, December 18, 2019. Strong inflows from foreign institutional investors (FIIs) in the past few sessions improved trading sentiment.

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Sensex at Bombay stock exchange jumped 206.40 points, or 0.50%, to settle at a record high at 41,558.57. Nifty at National Stock Exchange also climbed 56.65 points, or 0.47%, to end with a fresh closing high at 12,221.65. Bank Nifty rose by 120.65 points, or 0.38%, to close at 32,260.90. M&M was the top gainer of the day up by 3.59% while Sun Pharma and JSW Steel were up by 2.51% and 2.07% respectively.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 19:

Strong day support zone for trading on Nifty is 12,125-12,175 and on Bank Nifty 31,900-32,000.  

The small day range for trading on Nifty stands at 12,200-12,250, while the medium and bigger ranges lie between 12,165-12,275 and 12,125-12,300 respectively.

The small day range for trading on Bank Nifty stands at 32,150-32,300, while the medium and bigger ranges lie between 32,000-32,400 and 31,900-32,500 respectively.

The put-call ratio (PCR) 1.73, alert at higher levels volatility index (VIX) 12.34

For Existing Long Positions:

Nifty intraday and closing stop loss 12,050.

Bank Nifty intraday and closing stop loss 32,000.

For Existing Short Positions:

Nifty intraday and closing stop loss 12,250.

Bank Nifty intraday and closing stop loss 32,300.

For New Positions:

Buy Nifty in 12,125-12,175 range with a stop loss of 12,100 and target 12,200, 12,225, 12,250.

Sell Nifty with a stop loss of 12,300 and target 12,200, 12,175, 12,125.

Buy Bank Nifty in 31,900-32,000 range with a stop loss of 31,800 and target 32,150, 32,200, 32,350.

Sell Bank Nifty with a stop loss of 32,300 and target 32,150, 32,025, 31,900.

Still in F&O Ban: Yes Bank

Stock of the Day:

Sell Tata Motors Futures: Stop loss 176 and target 170, 167. Tata group developments are negative for the stock.