Amid negative global markets & domestic institutional investors (DIIs), positive foreign institutional investors (FIIs) & sentiment and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Thursday, November 19, 2020.  

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Domestic benchmark stocks Wednesday, November 18, 2020, hit fresh lifetime highs as the Sensex crossed 44,000-mark while the Nifty finished above 12,900-level. Both equity indices climbed around half a per cent amid positive global cues. The BSE 30-share index, Sensex, rose 227 points or 0.52 per cent to settle at 44,180. The NSE Nifty 50 index also added 64 points or half a per cent to settle at 12,938. The Bank Nifty closed 568.55 points or 1.95 per cent higher at 29,749.85.

The broader market at BSE also surged. Outperforming the Sensex, the BSE Mid-Cap index climbed 1.22 per cent and the BSE Small-Cap index zoomed 0.9 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 19: 

Day support zone on Nifty is 12,825-12,875, below that 12,750-12,800 is strong Buy zone.

Day higher zone on Nifty is 12,950-13,000, above that 13,050-13,100 is Profit-booking zone.

Day support zone on Bank Nifty is 29,450-29,550, below that 29,075-29,275 is strong Buy zone.

Day higher zone on Bank Nifty is 29,900-30,150, above that 30,250-30,425 is Profit-booking zone.

Small Day Range for trading on Nifty is 12,875-12,950, while the medium and bigger day ranges are 12,825-13,000 and 12,750-13,050, respectively.

Small Day Range for trading on Bank Nifty is 29,450-29,900, while the medium and bigger day ranges are 29,275-30,150 and 29,075-30,250, respectively.

FIIs Index long increased at 71% Vs 70%.

PCR at 1.67 Vs 1.59, Alert at a higher level, India VIX down by 3% at 19.12.

For Existing Long Positions:

Nifty intraday and closing stop loss are 12,750.

Bank Nifty intraday stop loss is 29,450 and closing stop loss is 29,175.

For Existing Short Positions:

Nifty intraday and closing stop loss are 13,000.

Bank Nifty intraday and closing stop loss are 29,800.

For New Positions:

Buy Nifty in 12,750-12,825 range with a stop loss of 12,700 and target 12,875, 12,925, 12,950, 13,000, 13,025. 

Sell Nifty with a stop loss of 13,025 and target 12,875, 12,825, 12,800, 12,775, 12,750.

For New Positions:

Buy Bank Nifty in 29,075-29,275 range with a stop loss of 29,000 and target 29,450, 29,550, 29,750, 29,900.

The aggressive trader can buy in 29,450-29,550 range with a stop loss of 29,400.

Sell Bank Nifty with a stop loss of 29,800 and target 29,550, 29,450, 29,275, 29,200, 29,075.

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Total 11 Stocks in F&O Ban:

4 Enters In Ban: RBL Bank, Bank of Baroda, PNB, Idea.

Out Of Ban: LIC Housing.

7 Already in Ban: JSPL, BHEL, Canara Bank, IB housing, SAIL, Sun TV, Tata Steel.