Amid positive global markets, positive foreign institutional investors (FIIs), sentiment, negative domestic institutional investors (DIIs) and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Wednesday, November 25, 2020.  

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Key domestic indices on Tuesday, November 24, 2020, zoomed one per cent to hit lifetime highs. Amid gains in global markets, the S&P BSE 30-share index, Sensex achieved 44,500-mark. The NSE Nifty-50 index also ended at a record high as it climbed above 13,000-level. 

Sensex jumped 445.87 points or 1.01 per cent to settle at 44,523.02. The NSE Nifty 50 index also surged 128.70 points or one per cent to settle at 13,055.15. Nifty Bank gained 713.05 points or 2.46 per cent to 29,737.25. 

The broader market at BSE underperformed the Sensex as the BSE Mid-Cap index added 0.58 per cent while the BSE Small-Cap index appreciated 0.89 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 25: 

Day support zone on Nifty is 12,925-12.975 and the day higher zone is 13,150-13,200, above that 13,250-13,300 is Profit-booking zone.

Day support zone on Bank Nifty is 29,250-29,450 and Day higher zone is 30,300-30,450, above that 30,650-30,850 is Profit-booking zone. 

The small day range for trading on Nifty is 13,000-13,150, while the medium and bigger day ranges are 12,975-13,200 and 12,925-13,250, respectively.

The small day range for trading on Bank Nifty is 29,600-30,150, while the medium and bigger day ranges are 29,450-30,300 and 29,250-30,450, respectively.

FIIs Index long unchanged at 69%

PCR higher at overbought levels at 1.78 Vs 1.57, India VIX up by 1% at 21.06

For Existing Long Positions: 

Nifty Intraday stop loss is 12,975 and closing stop loss is 12,925.

Bank Nifty Intraday stop loss is 29,400 and closing stop loss is 29,200.

For Existing Short Positions:

Nifty Intraday and closing stop loss are 13,100.

Bank Nifty Intraday and closing stop loss are 30,000.

For New Positions:

Buy Nifty with a stop loss of 12,975 and target 13,150, 13,175, 13,200, 13,250. 

Aggressive traders Sell Nifty in 13,175-13,250 range with stop loss of 13,300 and target 13,150, 13,100, 13,075, 13,025.

For New Positions:

Buy Bank Nifty with a stop loss of 29,400 and target 29,900, 30,150, 30,250, 30,300, 30,425, 30,500. 

Aggressive traders Sell Bank Nifty in 30,450-30,650 range with a stop loss of 30,800 and target 30,300, 30,250, 30,150, 30,050.

Total 5 Stocks in F&O Ban:

Enters In Ban: Tata Motors

2 Out Of Ban: IB housing, Bk of Baroda

4 Already in Ban:  NALCO, SAIL, Federal Bank, Adani Enterprises. 

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Buy Dr Reddy's Futures: Stop loss 4875 and target 4970, 5000.