Anil Singhvi's Market Strategy November 13: Market is Neutral; Banks, Metals & Auto to be negative

Heavy selling dragged the markets lower in the second half of the session resulting in a negative closing on November 12, 2018. Nifty 50 closed down by 103 points or 0.90 per cent at 10,482.20 and Nifty Bank was 231.25 points or 0.90 per cent down. S&P BSE Sensex was down by 345.56 points or 0.98 per cent at 34,812.99. 

Amid neutral future and option (F&O), foreign institutional investors (FII), negative domestic institutional investors (DIIs), global markets and cautious sentiments, the short-term trend of the Indian market is set to be neutral today, on November 13, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 13:

10,500 and 25,500 are going to be the deciding levels on Nifty and BankNifty respectively. 

Small and bigger trading range on Nifty lies between the mark of 10,400-10,500 and 10,375-10,550 while the extreme range lies at 10,300-10,600. 

In the case of BankNifty, the small trading range stands at 25,400-25,600 while the bigger and extreme range lies between 25,150-25,700 and 25,000-25,850 respectively. 

Support zone on Nifty and BankNifty lies between 10,300-10,375 and 25,000-25,150 respectively. 

Traders can increase their buying positions if the two indices closed above the mark of 10,600 and 25,750. 

Sell Strategy on Nifty and BankNifty 
Sell Nifty with a stop loss of 10,525 and target of 10,400 and 10,375. 

Sell BankNifty with a stop loss of 25,600 and target of 25,400, 25,150 and 25,000. 
 
In F&O ban: Adani Power
 
Put-call ratio (PCR) stands at 1.51 and the volatility index (VIX) is 19.36.  
Sectors:
Negative: Banks, Metals, Auto

Results Analysis:

Buy Shree Cement Futures: Stop loss 15,300 and target 15,720 and 15,900. Strong operational performance, 170 Crore ILFS exposure written off. 
 
Sell Eicher Futures: Stop loss 22200 targets 21700, 21350 and 21100. Production cut is a big negative.

Nalco: Good numbers but book profit after the gap up opening in the range of 71-72. 

Oil India: Strong operational performance, buyback on November 19, 2018. 

Stock Of The Day:

Sell Bank of India Futures: Stop loss 88 and a target of 83.50, 81.5 and 79.5.  Fresh slippages and higher provisioning is a big negative

Buy Coal India: Stop loss  262 and a target of 274 and 280. 

Strong numbers, high dividend expected. Book profit in the range of 280-285.