Amid positive foreign institutional investors (FII), Domestic Institutional Investors (DIIs), sentiment and neutral global outlook and neutral Futures and Options (F&O) cues, the short-term trend of the Indian markets will remain positive on Monday, December 16, 2019. 

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Domestic stocks on Friday, December 13, 2019, surged around one per cent amid positive cues from global markets. A last-minute US-China deal trade deal and a likely major election win by Britain’s Conservative Party cleared a couple of dark clouds from the global horizon. President Donald Trump signed off on a phase-one trade deal with China, averting December 15 introduction of a new wave of US tariffs on about 160 billion dollars of consumer goods. Sensex at Bombay stock exchange settled 428 points, or 1.05%, up above 41,000-mark at 41,009.71. Nifty at National Stock Exchange also climbed 114.90 points, or 0.96%, to close above 12,000 level, at 12,087. Bank Nifty rose 348.80 points, or 1.10%, to close at 32,014.25. 

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Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 16: 

Strong Day support zone on Nifty 11,975-12,025 and Bank Nifty 31,750-31,900. 

The small day range for trading on Nifty 12,050-12,100 while the medium and bigger ranges lies between 12,000-12,150 and 11,975-12,200 respectively. 

The small day range for trading on Bank Nifty 31,900-32,150, while the medium and bigger ranges lies between 31,750-32,300 and 31,650-32,450. 

For Existing Long Positions: 

Nifty intraday and closing stop loss 11,975.

Bank Nifty intraday and closing stop loss 31,700. 

For Existing Short Positions: 

Nifty intraday and closing stop loss 12,160

BankNifty intraday and closing stop loss 32,160 

For New Positions: 

Buy Nifty in 12,000-12,050 range with a stop loss of 11,975 and target 12,100, 12,135, 12,150. 

Sell Nifty in 12,135-12,150 range only for aggressive traders with strict stop loss of 12,175 and target 12,100, 12,075, 12,025. 

Buy Bank Nifty in 31,750-31,800 range with a stop loss of 31,700 target 31,900, 32,100, 32,150. 

Sell Bank Nifty in 32,100-32,150 range only for aggressive traders with strict stop loss

SL 32,200 and target 32,000, 31,900, 31,750. 

PCR at 1.63 VIX 13.30 

Still in F&O Ban: Yes Bank 

Sectors:

Positive: Metals and Banks buy on dips, PSU, Pharma 

Stock of the Day: 

Sell Sun Pharma Futures: Stop loss 444 and target 428, 420, 410. 8 observations by USFDA at Halol plant.