Amid positive global markets, futures & options (F&O), sentiment, neutral foreign institutional investors (FIIs) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Thursday, February 18, 2021.

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The Sensex and Nifty on Wednesday, February 17, 2021, fell amid negative global cues. The BSE Sensex closed 400 points, or 0.77 per cent, down at 51,704 and the NSE Nifty fell 105 points, or 0.68 per cent, to trade at 15,209. The Bank Nifty lost 187 points, or 0.51 per cent, to close at 36,911. 

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On the other hand, the broader market at BSE gained. The BSE Mid-Cap index added marginally by 0.04 per cent while the BSE Small-Cap index appreciated 0.53 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 18:

Day support zone on Nifty is 15,115-15,165, below that 15,000-15,065 is strong Buy zone. 

Day higher zone on Nifty is 15,240-15,310, above that 15340-15425 is the profit-booking zone. 

Day support zone is Bank Nifty is 36,625-36,750, below that 36,400-36,475 is strong Buy zone. 

Day higher zone on Bank Nifty is 37,100-37,300, above that 37,450-37,700 is profit-booking zone.

The small day range for trading on Nifty is 15,165-15,240, while the medium and bigger ranges are 15,115-15,315 and 15,065-15,340, respectively. 

The small day range for trading on Bank Nifty is 36,750-37,300, while the medium and bigger ranges are 36,625-37,450 and 36,475-37,700, respectively. 

FIIs increased Index long at 62% vs 61%.

PCR at 1.17 vs 1.29.

India VIX down 1% at 21.51.

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,100.

Bank Nifty intraday and closing stop loss are 36,750.

For Existing Short Positions: 

Nifty intraday and closing stop loss are 15,315.

Bank Nifty intraday and closing stop loss are 37,350.

For New Positions:

Buy Nifty with a stop loss is 15,150 and target 15,240, 15,310, 15,340, 15,400, 15,425. 

Sell Nifty in 15,340-15,425 range with a stop loss of 15,450 and target 15,315, 15,250, 15,210. 

For New Positions:

Buy Bank Nifty with a stop loss of 36,750 and target 37,100, 37,300, 37,450, 37,500. 

Sell Bank Nifty in 37,450-37,600 range with a stop loss of 37.725 and target 37,325, 37,100, 37,000, 36,925, 36,775. 

Total 3 stocks in F&O Ban:

New in Ban: Idea, PNB 

Already in Ban: SAIL

Out of Ban: Nil

Stock of the Day:

Buy SBI Futures: Stop loss 410 and target 420, 428, 435, 450. BIG UPGRADE from Morgan Stanley. Target raised to 600 from 525, Bull case target 765.