Amid positive global markets, sentiment, neutral foreign institutional investors (FIIs), futures & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Thursday, January 14, 2021.

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The domestic equity barometers ended almost flat after a volatile session on Wednesday, January 13, 2021. Erasing all its early gains, the Sensex at the Bombay Stock Exchange ended with a marginal loss of 24.79 points or 0.05% to end at 49,492.32. But the Nifty at the National Stock Exchange gained 1.40 point, or 0.01%, to 14,564.85. Bank Nifty closed 235.65 points, or 0.73%, up at 32,574.65. In the broader, the BSE Mid-cap index fell 0.6%; while the Small-cap index shed 0.4%.

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Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 14:

Day support zone on Nifty is 14,435-14,500, below that 14,375-14,400 is strong Buy zone.

 Day higher zone on Nifty is 14,600-14,650, above that 14,700-14,750 is profit-booking zone.

Day support zone on Bank Nifty is 32,275-32,350, below that 32,000-32,150 is strong Buy zone.

Day higher zone on Bank Nifty is 32,675-32,750, above that 32850-32950 profit-booking zone.

Small Day Range for trading on Nifty is 14,500-14,600, while the medium and bigger day ranges are 14,435-14,650 and 14,400-14,700, respectively.  

Small Day Range for trading on Bank Nifty is 32,350-32,675, while the medium and bigger day ranges are 32,275-32,850 and 32,000-32,950, respectively.  

FIIs decreased Index long at 73% Vs 76%.

PCR comfortable at 1.46 vs 1.73.

VIX up by 2% at 23.29.

For Existing Long Positions:

Nifty intraday stop loss is 14,400 and closing stop loss is 14,475.

Bank Nifty intraday stop loss is 32,275 and closing stop loss is 32,000.

For Existing Short Positions:

Nifty intraday and closing stop loss are 14,675.

Bank Nifty intraday and closing stop loss are 32,700.

For New Positions:

Buy Nifty with a stop loss of 14,500 and target 14,600, 14,650, 14,675, 14,700, 14,750

Sell Nifty in 14,650-14,700 range with a stop loss of 14,750 and target 14,600, 14,575, 14,500.

For New Positions:

Buy Bank Nifty in 32,275-32,350 range with a stop loss of 32,100 and target 32,500, 32,575, 32,675.

Aggressive traders Buy Bank Nifty with a stop loss of 32,325 and target 32,675, 32,750, 32,850, 32,950.

Sell Bank Nifty in 32,800-32,950 range with a stop loss of 33,050 and target 32,700, 32,625, 32,575, 32,500.

F&O Ban Update:

New in ban: BHEL

Still in ban: SAIL 

Out of ban: Nil