Anil Singhvi's Market Strategy August 14: Market is neutral today; TCS is Stock of the Day

Indian domestic markets, which opened on a negative zone on Monday, failed to fill the opening gap during the session and closed in the red. On the day, the S&P BSE Sensex went down by 0.59 per cent or 224.33 points to close at 37,644.90 points and Nifty 50 also failed to make any mark and went down by 0.65 per cent or 73.75 points to close down at 11,355.75 points. Similarly, Nifty Bank also saw a fall of 1.17 per cent or 329.85 points and closed at 27,794.40. 

In secondary indices at BSE, S&P BSE Mid Cap went down by 0.70 per cent while the small-cap also declined by 0.78 per cent. 

Positive domestic institutional investors (DIIs), neutral future and options (F&O), negative global and foreign institutional investors (FII) cues hint that the short-term trend of the Indian market will be neutral on August 14, 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 14: 
11,400 and 27,800 are going to be the deciding level on Nifty and BankNifty respectively. 
The small trading range on Nifty stands at 11,300 -11,425 while the bigger range lies between 11,250-11,475.  
In the case of BankNifty, the small trading range lies at 27,650-28,000 and the bigger range is between 27,500-28,200. 
Anil Singhvi suggests traders should close their buying positions if Nifty close below the mark of 11,350. However, traders can initiate new trades on Nifty and BankNifty if they close above the mark of 11,425 and 28,125 respectively. 
Put Call Ratio (PCR) is at 1.66 and this has led to the weakening of positions of weak traders. 
 
Buy and Sell Strategy on Nifty 
Buy Nifty near 11,300 with a stop loss of 11,275 and a target of 11,400-11,425.
Sell Nifty in 11,400-11,425 range with a stop loss of 11,475 and a target of 11,350.
 
Buy and Sell Strategy on BankNifty 
Buy BankNifty near 27,650 with a stop loss of 27,500 with a target of 27,900-28,000. 
Sell BankNifty near 28,00 with a stop loss of 28,125 and target of 27,800. 
 
The put-call ratio (PCR) for today stands at 1.66 and the volatility index (VIX) is 13.40. 

Watch this Zee Business video here:

No stock Enter or out of F&O Ban
Already in Ban: Adani Enterprises, Adani Power, PNB, Jet Airways
 
Results Impact:
Tata Steel: Strong results
DHFL: Neutral to positive results

Stock of the Day: TCS Buyback