Anil Singhvi's Market Strategy August 13: Banks, NBFC, Metals are negative; HDFC Bank is stock of the day

Domestic equity markets closed in red on Friday. On the day, S&P BSE Sensex went down by 0.41 per cent or 155.14 points and Nifty 50 also saw a fall of 0.36 per cent or 41.20 points to close at 37,869.23 points and 11,429.50 points respectively. Similarly, Nifty Bank also went down by 0.69 per cent or 195.75 points to end at 28,124.25. 

Among the secondary indices on BSE, BSE Mid Cap went down by 0.80 per cent while small-cap also declined by 0.78 per cent. 

However, positive domestic institutional investors (DIIs), neutral future and options (F&O), negative foreign institutional investors (FII) and global outlook hint that the short-term trend of the Indian market will remain positive on August 13, 2018. But the traders are advised to be cautious while trading in the market today. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for August 13: 
11,400 and 28,000 are going to be the deciding levels on Nifty and BankNifty, respectively. 
The Small trading range on Nifty stands between 11,350-11,450 and the bigger range lies at 11,300-11,500. 
In case of BankNifty, the small trading range lies at 27,900-28,150 while the bigger range is at 27,800-28,350. 
Traders are advised to close their buying positions if the Nifty and BankNifty closes below the mark of 11,350 and 28,000. 

Put Call Ratio (PCR) is at 1.75 and thus traders are advised to be on an alert. 
 
Sell and Buy strategy on Nifty 
Sell Nifty with a stop loss of 11,475 and a target of 11,350. 
Buy Nifty near 11,300 with a stop loss of 11,275 and a target of 11,400-11,425. 

Sell strategy on BankNifty 
Sell BankNifty with a stop loss of 28,375 with a target of 27,800. 

The put-call ratio (PCR) for August 13 stands at 1.75 and the volatility index (VIX) is 12.85.

Sectors:
Negative: Banks, NBFC, Metals
Enters F&O Ban: Jet Airways
Already in Ban: Adani Enterprises, Adani Power, PNB

Watch this Zee Business video here:

Results Impact:
Coal India: In line results
Glenmark: Weak results
DLF: Strong results but profit booking expected
Godfrey Phillips: Strong results
 
Stock of the Day:
Short HDFC Bank: Target 2090-2080 stop loss 2130
Change in top management to put some pressure on the stock