Amid neutral global markets, future & options (F&O) and sentiment, negative foreign institutional investors (FIIs) and positive domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be neutral on Friday, November 12, 2021.  

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The domestic equity benchmark ended on a weaker note on Thursday, November 11, 2021. The S&P BSE Sensex declined 433.13 points, or 0.72 per cent, to 59,919.67. The Nifty 50 index lost 143.60 points, or 0.8o per cent, to close at 17,873.60. In the intraday trade, the Sensex and Nifty 50 touched lows of 59,656.26 and 17,798.20, respectively. The Bank Nifty lost 453.05 points, or 1.19 per cent, to 38,560.20.

In the broader markets, the S&P BSE MidCap and BSE SmallCap fell 0.64 per cent and 0.54 per cent respectively.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 12: 

Day support zone on Nifty is 17,750-17,800, below that 17,625-17,700 is a strong Buy zone. 

Day higher zone on Nifty is 17,925-17,975, above that 18,025-18,075 is a strong Profit booking zone. 

Day support zone on Bank Nifty is 38,350-38,425, below that 37,925-38,100 is a strong Buy zone. 

Day higher zone on Bank Nifty is 38,875-38,925, above that 39,025-39,225 is a Profit booking zone.  

The small day range for trading on Nifty is 17,800-17,925, while the medium and bigger day ranges are 17,750-17,975 and 17,700-18,075, respectively. 

The small day range for trading on Bank Nifty is 38,350-38,875, while the medium and bigger day ranges are 38,100-38,925 and 37,925-39,025, respectively.  

FIIs Index long increased to 50% Vs 49%. 

PCR at 0.99 Vs 0.94. 

India VIX unchanged at 16.35. 

For Existing Long Positions: 

Nifty Intraday and Closing stop loss are 17,775 

Bank Nifty Intraday and Closing stop loss are 38,300.  

For Existing Short Positions: 

Nifty Intraday and Closing stop loss are 18,100. 

Bank Nifty Intraday and Closing stop loss are 39,050. 

For New Positions: 

Buy Nifty in 17,700-17,800 range with a stop loss of 17,600 and target 17,875, 17,915, 17,975. 

Aggressive Traders Buy Nifty with a Strict stop loss of 17,775 and target 17,915, 17,975, 18,015, 18,050.  

Sell Nifty in 17,975-18,075 range with a stop loss of 18,125 and target 17,925, 17,875, 17,800, 17,750.  

For New Positions: 

Aggressive Traders Buy Bank Nifty with a Strict stop loss of 38,300 and target 38,775, 38,875, 38,925, 39,025. 

Buy Bank Nifty in 37925-38100 range with a stop loss of 37,800 and target 38,300, 38,425, 38,500, 38,575. 

Sell Bank Nifty in 38,925-39,225 range with a stop loss of 39,500 and target 38,775, 38,575, 38,500, 38,425, 38,350.  

F&O Ban Update: 

Already In Ban: Bank of Baroda, BHEL, SAIL, Indiabulls Housing, Sun TV, Escorts, PNB 

New In Ban: Nil 

Out Of Ban: Nil 

Fino Payments Bank Listing Preview: Expected to list around issue price of 577. Long Term Investors can HOLD