Anil Singhvi’s Strategy January 13: Market Trend & Sentiment are Positive; Buy Nifty with a stop loss of 12,200

Amid neutral global markets, domestic institutional investors (DIIs), futures & options (F&O) and positive foreign institutional investors (FIIs) and Sentiment cues, the short-term trend of the Indian stock markets will remain positive on Monday, January 13, 2020. The domestic stock markets on Friday, January 10, 2020, ended the volatile trading session with modest gains. The market sentiment was upbeat amid positive global cues. The BSE Sensex added 147.37 points, or 0.36%, to close at 41,599.72. The Nifty 50 went up by 40.90 points, or 0.33%, to settle at 12,256.80, while Bank Nifty rose slightly by 5 points, or 0.02%, and closed at 32,097.40. Top gainers Coal India (gained 3.28%) and Infosys (gained 1.71%) on Nifty 50 were followed by UltraTech Cement, Maruti, GAIL and Kotak Bank. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 13:

Day support zone on Nifty is 12,150-12,200 and Bank Nifty is 31,800-31,950. 

Higher zone on Nifty is 12,300-12,350 and Bank Nifty is 32,350-32,500. 

The small day range for trading on Nifty is 12,200-12,300, while medium and bigger ranges are 12,150-12,350 and 12,100-12,400. 

The small day range for trading on Bank Nifty is 31,950-32,350, while medium and bigger ranges are 31,900-32,500 and 31,800-32,600. 

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For Existing Long Positions:

Nifty intraday and closing stop loss 12,200.

Bank Nifty intraday and closing stop loss 31,900.

For Existing Short Positions:

Nifty intraday and closing stop loss 12,315. 

Bank Nifty intraday and closing stop loss 32,500. 

For New Positions:

Buy Nifty with a stop loss of 12,200 and target 12,300, 12,315, 12,350. 

Sell Nifty in 12,300-12,325 range with a stop loss of 12,350 and target 12,250, 12,225. 

Buy Bank Nifty with a stop loss of 31,900 and target 32,250, 32,350, 32,450, 32,600. 

Sell Bank Nifty in 32,450-32,600 range with a stop loss of 32,650 and target 32,300, 32,250, 32,200. 

Put-Call Ratio (PCR) 1.55, the volatility index (VIX) 14.08. 

Still in F&O Ban: Yes Bank

Infosys Result Review: Futures range 720-770. Mix results and margins and revenue slightly below expectation. Revenue guidance and clean chit on whistleblower is positive.