Anil Singhvi’s Strategy June 27: Market trend & sentiment are positive; Buy Coffee Day with stop loss 222

Amid positive sentiment and neutral domestic institutional investors (DIIs), foreign institutional investors (FII), global market and futures and options (F&O) cues, the short-term trend of the domestic Indian market will be positive on Thursday, June 27, 2019. Earlier on Wednesday, June 26, 2019, despite a slow start the domestic markets ended on a positive note. On the day, the Sensex at the Bombay Stock Exchange climbed 157.14 points (0.40%) to end at 39,592.08. The Nifty at the National Stock Exchange also surged 51.10 points (0.43%) to settle at 11,847.55. Similarly, Bank Nifty climbed 315.30 points (1.02%) to close at 31,162.35. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 27:
11,800 and 31,000 are going to be the deciding levels on Nifty and Bank Nifty respectively. 
The small and medium day range for trading on Nifty lies between 11,800-11,900 and 11,750-11,925. The bigger range stands at 11,700-11,975.
The small and medium day range for trading on Bank Nifty lies between 31,000-31,250 and 30,900-31,350. The bigger range stands at 30,800-31,450. 

For Existing Long Positions:
Nifty intraday stop loss 11,750 and closing stop loss 11,700.
Bank Nifty intraday stop loss 31,000 and closing basis stop loss 30,850.

For Existing Short Positions:
Nifty intraday stop loss triggered and closing stop loss 11,850. 
Bank Nifty intraday and closing stop loss already triggered. 

For New Positions:
Buy Nifty with a stop loss of 11,750 and target 11,900, 11,925, 11,975. 
Sell Nifty in 11,950-11,975 range with a stop loss of 12,000 and target 11,900, 11,875, 11,850. 

Buy Bank Nifty with a stop loss of 30,900 and target 31,250, 31,350, 31,450. 
Sell Bank Nifty in 31,450-31,500 range with a stop loss of 31,550 and target 31,350, 31,250. 

Enters F&O Ban: Nil
2 Out of Ban: Reliance Capital, Jet Airways
2 Already in Ban: IDBI, Adani Power

The put-call ratio (PCR) stands at 1.60 and the volatility index (VIX) is 14.75.

#ICCCricketWorldCup2019 के क्रिकेट मैचिस पर अनिल सिंघवी का विश्लेषण#NZvPAK @AnilSinghviZEE #CWC19 pic.twitter.com/RQIVGPYYd4

— Zee Business (@ZeeBusiness) June 27, 2019

Stock of the Day: Sell Reliance Infra Cash: Stop loss 62 and target 58, 56. CARE downgraded long term rating to D. 

Aaj Ka Hero: Buy Coffee Day Enterprises: Stop loss 222 and target 232, 235. Media reports that Coca Cola may buy a stake in CCD.