The stock-market bulls are likely to surge at the open today, May 20, 2019. This surge will be enthused by the Lok Sabha exit polls that have predicted a majority win for the ruling  Bharatiya Janata Party-led National Democratic Alliance (NDA) government. 

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Earlier, on Friday, May 17, 2019, the domestic market ended with sharp gains. The gain was supported by strength in private banks (Kotak Bank & HDFC) and auto shares (Maruti, Hero Moto Corp & Eicher Motors). On the day, the Sensex at the Bombay Stock Exchange (BSE) jumped 537.29 points, or 1.44 per cent, to close at 37,930.77. The Nifty at the National Stock Exchange surged 150.05 points, or 1.33 per cent, to 11,407.15. The Nifty Bank was up 594.85 points, or 2.06 per cent, and settled at 29,450.15. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 20:  
Impact of Exit poll:
The downside risk is limited in markets now.
11,350 and 29,000 are going to be the strong support on the two indices, Nifty and Bank Nifty, till actual election results are out. 
Today’s support mark on Nifty and Bank Nifty stands at 11,500 and 30,000. 

Impact on Economy:
Big Interest rate cut expected on June 6, 2019, Credit Policy. 
Bullish on Banks and Financial stocks. 

Impact of Global Markets:
Profit booking expected at higher levels due to Iran tension till actual election results.
The small and medium day range for trading on Nifty lies between 11,500-11,650 and 11,450-11,700 respectively. The extreme range stands at 11,350-11,775. 
The small and medium day range for trading on Bank Nifty lies between 30,000-30,250 and 29,800-30,500. 
Strong Profit Booking Zone on Nifty stands at 11,725-11,850. 
Strong Profit Booking Zone Bank Nifty stands at 30,500-30,650. 
The put-call ratio (PCR) stands at 1.36 and the volatility index (VIX) is 28.08.
In F&O Ban: Jet Airways. 

Sectors:
Positive: Private and PSU Banks, Strong NBFC. 

Stock of the Day:
Buy Adani Enterprises Futures: Stop loss 115 and target 122, 127. Short covering expected. 
Buy IOC Futures: Stop loss 148 and target 153, 155. Petro price hike to come again, margins will improve.

Aaj Ka Hero:
Buy ICICI Futures: Stop loss 390 and target 400, 405, 410. Rate cut expected on June 6, 2019, Credit Policy.