Amid neutral global markets, futures & options (F&O), positive foreign institutional investors (FIIs), sentiment and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Thursday, February 11, 2021.

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The Sensex and Nifty on Wednesday, February 10, 2021, ended flat. The key equity indices fell marginally even as the Asian peers were positive. The BSE Sensex closed 20 points, or 0.04 per cent, down at 51,309 and the NSE Nifty fell three points, or 0.02 per cent, to trade at 15,107. The Bank Nifty fell 273.40 points, down 0.76 per cent, to close at 35,783.10.

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On the other hand, the broader market at BSE gained but outperforming the Sensex. The BSE Mid-Cap index was up 0.71 per cent while the BSE Small-Cap index appreciated 0.42 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 11:

Day support zone on Nifty is 14,975-15,025, below that 14,865-14,925 is strong Buy zone.

Day higher zone on Nifty is 15,110-15,160, above that 15,200-15,250 is profit-booking zone.

Day support zone on Bank Nifty is 35,550-35,650, below that 35,350-35,425 is strong Buy zone.

 Higher zone on Bank Nifty is 36,000-36,050, above that 36,225-36,450 is profit-booking zone.

The small day range for trading on Nifty is 14,975-15,160, while the medium and bigger day ranges are 14,925-15,200 and 14,865-15,250, respectively.

The small day range for trading on Bank Nifty is 35,550-36,000, while the medium and bigger day ranges are 35,425-36,225 and 35,350-36,450, respectively.

FIIs Index long unchanged at 66%.

PCR at 1.30 vs 1.38.

India VIX down 1% at 23.95.

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,975.

Bank Nifty intraday and closing stop loss are 35,650.

For Existing Short Positions:

Nifty intraday and closing stop loss are15,175.

Bank Nifty intraday and closing stop loss are 36,100.

For New Positions:

Buy Nifty in 14,975-15,025 range with a stop loss of 14,850 and target 15,065, 15,100, 15,150, 15,200. 

Sell Nifty with a stop loss of 15,200 and target 15,025, 15,000, 14,975, 14,925, 14,900, 14,865.

For New Positions:

Buy Bank Nifty in 35,350-35,550 range with a stop loss of 35,250 and target 35,650, 35,775, 35,850, 35,975, 36,050, 36,200. 

Sell Bank Nifty with a stop loss of 36,250 and target 35,650, 35,550, 35,425, 35,350.

Total 2 stocks in F&O Ban:

New in Ban: SAIL

Already in Ban: BHEL, SUNTV 

Out of Ban: Nil