Amid positive sentiment, neutral global markets, foreign institutional investors (FIIs), domestic institutional investors (DIIs) and futures & options (F&O) cues, the short-term trend of the Indian stock markets will remain positive on Monday, January 20, 2020. The domestic stock markets ended flat on Friday, January 17, 2020. The indices were impacted by the Supreme Court verdict on adjusted gross revenue (AGR) dues on the telecom sector. The broader market, however, extended recent uptrend. The BSE Sensex gained 12.81 points, 0.03%, to close at 41,945.37. Likewise, the broader Nifty SLIPPED 3.15 points, 0.03%, to settle at 12,352.35 and Bank Nifty fell by 263.25 points, or 0.83%, to settle at 31,590.65. 

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Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 20:

The small day range for trading on Nifty is 12,300-12,385, while the medium and bigger day ranges are 12,275-12,425 and 12,250-12,450 respectively. 

The small day range for trading on Bank Nifty 31,500-31,700, while the medium and bigger day ranges are 31,450-31,800 and 31,250-31,900 respectively.

Fresh Buying and big short-covering ONLY IF sustains above 12,400 and 31,800 level. 

For Existing Long Positions:

Nifty intraday and closing stop loss 12,300.

Bank Nifty intraday and closing stop loss 31,450.

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For Existing Short Positions:

Nifty intraday and closing stop loss 12,400. 

Bank Nifty intraday and closing stop loss 31,850. 

For New Positions:

Buy Nifty in 12,275-12,300 range with a stop loss of 12,250 and target 12,350, 12,375, 12,385. 

Sell Nifty near 12,400 with a stop loss of 12,425 and target 12,375, 12,350, 12,325.

Sell Bank Nifty in 31,800-31,900 range with a stop loss of 32,000 and target 31,700, 31,600, 31,500. 

Buy Bank Nifty in 31,450-31,500 range with a stop loss of 31,400 and target 31,675, 31,775, 31,850. 

Put-Call Ratio (PCR) is 1.46. The volatility index (VIX) is 14.13.

Still in F&O Ban: Yes Bank

Sectors:

Negative: IT

Stock of the Day:

Sell TCS Futures: Stop loss 2240 and target 2185, 2160, 2140. Results below expectation.