Anil Singhvi's Market Strategy October 15: Sentiments are neutral; Bandhan Bank is stock of the day

Domestic markets ended the week on a high note as Bulls were able to maintain a firm grip over the markets throughout the day on Friday, October 12, 2018. Nifty 50 closed 237.85 points or 2.32 per cent higher at 10,472.50. S&P BSE Sensex closed up by 732.43 points or 2.15 per cent at 34,733.58. Only 4 out of 50 NIFTY stocks ended in negative with stocks like Eicher, Maruti, Bajaj Finance, M&M & HPCL gaining in the range of 5%-7% each.

Amid positive domestic institutional investors (DIIs), neutral future and option (F&O), global market, foreign institutional investors (FII) cautious sentiment, the short-term trend of the Indian market is likely to be neutral on October 15, 2018. 

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

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

Small and bigger trading range on Nifty stands between 10,400-10,500 and 10,350-10,600 respectively. 

In the case of BankNifty, the small trade range rests between 25,300-25,500 and the bigger range stands at 25,200-25,650.

The best buy range on Nifty and BankNifty lies at 10,350-10,400 and 25,050-25,200 respectively. 

Traders are advised to close their buying positions if the two indices close below 10,300 and 25,000. 

However, they, the traders, can start fresh buying if the two indices close above the mark of 10,500 and 25,500. 

Buy and Sell Strategy on Nifty 

Sell Nifty with a stop loss of 10,550 and target of 10,400-10,375.  

Buy Nifty in range of 10,350-10,400 with stop loss of 10,325 and target of 10,450-10,475. 

Buy and Sell Strategy on BankNifty 

Sell BankNifty with a stop loss of 25,550 and target 25,325-25,200. 

Buy BankNifty in 25,050-25,200 range with a stop loss of 24,900 and target of 25,325-25,400. 
 
Enters F&O Ban: Adani Power

Already in Ban: IDBI
 
The put-call ratio (PCR) stands at 1.21 and the volatility index (VIX) is 19.63. 

Sectors:

Profit booking in OMC and Aviation

Watch This Zee Business Video:

Result Analysis:

HUL: Results in-line, Stock to move in small range. Volume growth and margin in line. 
 
Stock of the Day:

Buy CESC Futures: Stop loss 890 and target 920, 935. Regulatory approvals received for the demerger.  

Buy Bandhan Bank: Stop loss 463 and target 475, 490. SEBI gave one year time to promoters to reduce stake.