Positive foreign institutional investors (FII), neutral domestic institutional investors (DIIs), global market, futures and options (F&O) and cautious sentiment suggest that the short-term trend of the Indian stock market will be neutral on Thursday, February 21, 2019.

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Earlier on February 20, 2019, the Indian domestic share markets snapped the losing streak of nine sessions and closed with gains of more than one per cent amid positive cues from global stocks. Sensex surged 403.65 points (1.14%) and closed at 35,756.26 while Nifty 50 went up 131.10 points (1.24%) and ended at 10,735.45. Nifty Bank was up by 270.65 points (1.01%) to end at 26,955.50.

Indiabulls Housing Finance, Tata Steel and Vedanta were the top gainers on Thursday while Dr. Reddy Labs and Hero MotoCorp were the top losers of the day. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 21:

10,750 and 27,000 are the deciding levels on Nifty and Bank Nifty, respectively. 
The small and medium trading ranges on Nifty lies between 10,700-10,750 and 10,650-10,800. The extreme range stands at 10,600-10,850. 
The small and medium trading ranges in Bank Nifty lie between 26,800-2,7000 and 26,750-27,050. The extreme range stands at 26,650-27,150.

For Existing Long Positions:
Stop loss already triggered in Nifty and Bank Nifty. 

For Existing short positions:
Nifty Intraday stop loss triggered at 10725. Closing stop loss 10,750 and target 10,700, 10,650, 10,600. 
Bank Nifty Intraday stop loss triggered at 26,850. Closing stop loss 27,000 and target 26,800, 26,650. 

For New Positions:
Buy Nifty near 10,650 with a stop loss of 10,600 and target 10,700, 10,725. 
Sell Nifty in 10,750-10,800 range with a stop loss of 10,850 and target 10,700, 10,650. 

Buy Bank Nifty near 26,800 with a stop loss of 26,700 and target 26,900, 27,000. 
Sell Bank Nifty in 27,050-27,150 range with a stop loss of 27,250 and target 27,000, 26,900. 

The put-call ratio (PCR) stands at 1.30 and the volatility index (VIX) declined 8% at 1705. 

Total 8 stocks in F&O Ban:
Enter Ban: Reliance Capital, Kaveri Seed

Out of Ban: Nil
6 Already in Ban: Jet Airways, Reliance Power, Adani Enterprises, PC Jewellers, IDBI, Reliance Infrastructure

Stock of the Day: Sell Bharti Airtel Futures: Stop loss 312 and target 303. 15 lakhs subscribers reduced in December 2018. 

Watch this Zee Business video

Aaj Ka Hero: Sell Indigo Futures: Stop loss 1155 and target 1120, 1100, 1090. Higher crude, lower passenger growth to put pressure.