Amid positive domestic institutional investors (DIIs) and sentiment, neutral global markets, futures and options (F&O) and foreign institutional investors (FIIs) cues, the short-term trend of Indian share market will be neutral on Tuesday, October 15, 2019.

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Earlier on Monday, October 14, 2019, the domestic stock markets closed with marginal gains amid positive global cues. The Sensex at the Bombay Stock Exchange rose 87.39 points or 0.23% to end at 38,214.47. The Nifty also added 36.10 points or 0.32% to settle at 11,341.15. Bank Nifty gained 139.45 points or 0.50% to close at 28,181.95. The indices, however, sharply pared gains in late trade amid profit selling at higher levels. Weakness in IT major Infosys, which declined 3.50% put pressure on bourses.

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Zee Business's Managing Editor Anil Singhvi's Market Strategy for October 15: 

Strong Buy zone on Nifty is 11,175-11,225 and Bank Nifty is 27,700 -27,900.

Higher Zone on Nifty 11,425-11,475 and Bank Nifty is 28,550-28,750.

The small day range on Nifty stands at 11,300-11,400 while the medium and bigger ranges lie between 11,250-11,425 and 11,200-11,475.

The small day range on Bank Nifty stands at 28,050-28,400 while the medium and bigger ranges lie between 27,900-28,550 and 27,750-28,750. 

For Existing Long Positions:

Nifty intraday and closing stop loss 11,275.

Bank Nifty intraday and closing stop loss 28,000. 

For Existing Short Positions:

Nifty intraday and closing stop loss 11,425.

Bank Nifty intraday and closing stop loss 28,250. 

For New Positions:

Buy Nifty with a stop loss of 11,275 and target 11,400, 11,425, 11,475.

Sell Nifty in 11,425-11,475 range with a stop loss of 11,500 and target 11,375, 11,325.

Buy Bank Nifty with a stop loss of 27,900 and target 28,400, 28,550, 28,750.

Sell Bank Nifty in 28,550-28,750 range with a stop loss of 28,900 and target 28,400, 28,250. 

The put-call ratio (PCR) is 1.18 and the volatility index (VIX) is 17.43. 

Result Analysis:

HUL Futures: 1930-1955 support range, 2040-2070 higher zone. In-Line results and 5% volume growth. No Surprise, no shock 

Stock of the Day:

Sell Bank of Baroda Futures: Stop loss 90 and target 86, 85. MD Jayakumar not getting an extension is negative.