Anil Singhvi’s Strategy February 14: Market to be Neutral; Buy Yes Bank with stop loss 165

Amid domestic institutional investors (DIIs), neutral global market and futures and options (F&O), negative foreign institutional investors (FII) and cautious sentiment cues, the short-term trend of the Indian market will continue to be neutral on Thursday, February 14, 2019. Earlier on Wednesday, February 13, 2019, the domestic stocks closed with losses for the fourth session in a row even as global cues were positive. The Nifty 50 closed at 10,793.65 after declining 37.75 points, or 0.35% while Nifty Bank was down by 125.35 points, 0.46%, to end at 26,885.40. The Sensex at the Bombay Stock Exchange declined 119.51 points, or 0.33%, to settle at 36,034.11.

Adani Ports and Indiabulls Housing Finance which rose by 4.82% and 3.61% respectively were the biggest gainers of the day while Eicher Motors and IOC which declined 4.82% and 3.90% were the greatest losers. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 14:

10,800 and 26,900 are the deciding levels on Nifty and Bank Nifty respectively. 
The small trading range on Nifty stands at 10,775-10,825 while the medium and extreme ranges lie between 10,700-10,850 and 10,650-10,925. 
In the case of the Bank Nifty, the small trading range resides at 26,800-27,000 while the medium and extreme ranges lie between 26,600-27,050 and 26,500-27,150. 

For Existing Long Positions:
Stop loss already triggered in Nifty and Bank Nifty below 10,900 and 27,150. 

For Existing short positions:
Nifty stop loss 10,850 and target 10,750, 10,700. 
Bank Nifty stop loss 27,050 and target 26,800, 26,600. 

For New Positions:
Sell Nifty in 10825-10875 range with a stop loss of 10,930 and target 10,800, 10,750. 
Buy Nifty near 10700 with a stop loss of 10,650 and target 10,750, 10,775.  
Sell Bank Nifty in 27,000-27,150 range with a stop loss of 27,200 and target 26,900, 26,800. 
Buy Bank Nifty near 26,600 with a stop loss of 26,450 and target 26,650, 26,800. 
The put-call ratio (PCR) stands at 1.29 and the volatility index (VIX) is 15.73.

Sectors:
Negative: Oil & Gas, FMCG
Enters F&O Ban: Jain irrigation
Out of Ban: DHFL
5 Already in Ban: IDBI, Jet Airways, Reliance Capital, Reliance Power, Adani Enterprises. 

Stock of the Day:
Buy Yes Bank Futures: Stop loss 165 and target 180, 185, 190. No divergence in asset classification and provisioning as per RBI. 
Sell DHFL: Cash Levels stop loss 114 and target 105, 103. Fresh weakness only below 95. CEO Harshil Mehta resigns but would continue to be associated with the company and shall hold the designation of Executive President - Retail Business. 

Aaj Ka Hero:
Sell Nestle Futures: Stop loss 10,800 and target 10,350, 10,200, 10,000. Weak results expected due to low margins and volumes.