Anil Singhvi’s Strategy January 18: Market is Positive; Buy Reliance Industries & L&T Tech

Domestic stock markets, Sensex and Nifty, climbed around 0.15 per cent on January 17, 2019. The BSE Sensex gained 52.79 points, or 0.15 per cent, to close at 36,374.08. The Nifty 50 added 14.90 points, or 0.14 per cent, to end at 10,905.20 while Nifty Bank was up 45.05 points, or 0.16 per cent, to 27,528.75. 

GAIL (2.23 per cent), BPCL (1.99 per cent) and Bharti Infratel (1.78 per cent) were the top gainers and Sun Pharma (-6.61 per cent) and Yes Bank (-3.70 per cent) were the top loser of the day. 

Positive sentiments, foreign institutional investors (FII), global market and future and option (F&O) and negative domestic institutional investors (DIIs) cues suggest that the short-term term of the Indian market will be positive on January 18, 2019. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 18:
10,900 and 27,500 are going to be the deciding levels on Nifty and Bank Nifty respectively. 

The small and medium trading range on Nifty lies between the mark of 10,900-10,975 and 10,850-11,000 while the extreme level stands at 10,800-11,050. 

In the case of the Bank Nifty, the small and medium trading levels lie between 27,500-27,600 and 27,400-27,70, while the extreme range stands at 27,300-27,800.

Most crucial levels for today on higher side on the two indices, Nifty and Bank Nifty, stands at 11,000 and 27,750 respectively. 

Traders are advised to reduce their positions on the two indices if they close below the mark of 10,850 and 27,400. 

#MarketStrategy | हफ्ते के आखिरी कारोबारी दिन क्या हो बाज़ार में आपकी रणनीति जानिए अनिल सिंघवी से।@AnilSinghviZEE pic.twitter.com/PfFeTGC9Xb

— Zee Business (@ZeeBusiness) January 18, 2019

Buy and Sell Strategy on Nifty 
Buy Nifty with a stop loss 10,850 and target 10,975, 11,000, 11,050. 
Sell Nifty near 11,000 with a stop loss 11,050 and target 10,950, 10,925.  

Buy and Sell Strategy on Bank Nifty 
Buy Bank Nifty with a stop loss of 27,400 and target 27,600, 27,700, 27,750. 
Sell Bank Nifty in 27,700-27, 750 range with a stop loss of 27,800 and target 27,600, 27,550. 

The put-call ratio (PCR) stands at 1.52 and the volatility index (VIX) is 16.24.

Results Analysis:
HUL: Futures trading range 1700-1800. Strong volume growth of 10%, but after 1.5%-2% rise profit booking expected. 

Stock of the Day:
Buy Reliance Industries Futures: Stop loss 1125 and target 1145, 1155. Strong results on all fronts. Stock to go up by 2-3%, then profit booking expected

Aaj Ka Hero:
Buy L&T Tech: Stop Loss 1680 and target 1725, 1750. Strong operational performance.