Amid neutral global markets, domestic institutional investors (DIIs), futures & options (F&O), positive foreign institutional investors (FIIs) and sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, January 15, 2021.

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Benchmark domestic stocks on Thursday, January 14, 2021, logged modest gains amid mixed global cues. Rupee also appreciated 10 paise against the dollar. The BSE Sensex closed 91.84 points, or 0.19 per cent, up at 49,584.16 and the NSE Nifty rose 30.75 points, or 0.21 per cent, to trade at 14,596. 60. However, Bank Nifty fell 54.90 points, or 0.17 per cent, to close lower at 32,519.75.

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The broader market at BSE also gained marginally. The BSE Mid-Cap index ended 0.29 per cent up while the BSE Small-Cap index added 0.17 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for January 15:

Day support zone on Nifty is 14,425-14,475 and Day higher zone is 14,650-14,725. 

Day support zone on Bank Nifty is 32,300-32,350, below that 32,000-32,150 is strong Buy zone.

Day higher zone on Bank Nifty is 32,700-32,850, above that 32,950-33,050 is profit-booking zone

Small Day Range for trading on Nifty is 14,560-14,650, while the medium and bigger day ranges are 14,475-14,700 and 14,425-14,725, respectively.

 Small Day Range for trading on Bank Nifty is 32,300-32,700, while the medium and bigger day ranges are 32,150-32,850 and 32,000-32,950, respectively.

FIIs decreased Index long at 72% Vs 73%.

PCR higher at 1.69 Vs 1.46.

VIX down by 1% at 23.03.

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,475.

Bank Nifty intraday and closing stop loss are 32,275.

For Existing Short Positions:

Nifty intraday and closing stop loss are 14,675.

Bank Nifty intraday and closing stop loss are 32,750.

For New Positions:

Buy Nifty in 14425-14475 range with a stop loss of 14,400 and target 14,560, 14,600, 14,650, 14,700.

Sell Nifty in 14700-14725 range with a stop loss of 14,750 and target 14,650, 14,600, 14,565, 14,500.

For New Positions:

Buy Bank Nifty in 32,300-32,350 range with a stop loss of 32,150 and target 32,425, 32,500, 32,575, 32,675, 32,750.

Sell Bank Nifty in 32,850-32,950 range with a stop loss of 33,050 and target 32,725, 32,675, 32,575, 32,525.

F&O Ban Update:

Already in Ban: BHEL

Out of Ban: SAIL

New in Ban: Nil

Stock of the Day:

Apply in SAIL OFS

Floor price attractive, Strong outlook, Huge institutional interest