Anil Singhvi's Market Strategy November 12: Market to be Positive; Titan is Stock of the Day

Indian markets closed in a red on November 9, 2018. On the day, Nifty 50 closed 13.20 points (0.12%) down at 10,585.20 while S&P BSE Sensex was down by 79.13 points (0.22%) to close at 35,158.55. 

However, Nifty Bank was up by 33.50 points (0.13%) and closed at 25,771.  Amid positive future and option (F&O), foreign institutional investors (FII), sentiments and neutral global market and domestic institutional investors (DIIs), the short-term trend of the Indian market are set to be positive on Monday, November 12, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 12: 10,600 and 25,750 are going to be the deciding levels on Nifty and BankNifty respectively. 

Small and bigger trading range on Nifty lies between 10,525-10,625 and 10,500-10,650 respectively. The extreme trading range stands at 10,475-10,700. 

In the case of BankNifty, the small and bigger trading range lies between 25,600-25,850 and 25,500-25,950 while extreme range stands at 25,400-26,100.  Intraday strong support zone on the two indices, Nifty and BankNifty lie at 10,525-10,550 and 25,700 respectively.

Traders are advised to increase there buying positions if Nifty and BankNifty trades above 10,600 and 25,850. 

Traders should reduce their buying positions if the two indices, Nifty and BankNifty, close below the mark of 10,525 and 25,600 respectively. 

Watch this Zee Business video here:

Sell and Buy strategy on Nifty 
Buy Nifty with a stop loss of 10,525 and target of 10,615, 10,650, 10,675.
Sell Nifty in 10675-10700 range with a stop loss of 10,725 and target of 10,650, 10,625. 
Sell and Buy strategy on BankNifty 

Buy BankNifty with a stop loss of 25,550 and target of 25,850, 25,950, 26,100. 
Sell BankNifty in 26000-26100 range with a stop loss of 26,200 and target of 25,850. 
 
In F&O ban: Nil
 Put-call ratio (PCR) stands at 1.60 and the volatility index (VIX) is 17.76.  

Stocks of the Day:
Short Titan Futures: Stop loss 860 and target 815, 800, 790
Titan's exposure to ILFS 145 Crore, week results.