Anil Singhvi’s Strategy November 15: Day support zone on Nifty is 18,050-18,100 & Bank Nifty is 38,575-38,750

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

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The domestic benchmarks ended with a gain of more than a per cent on Friday, November 12, 2021. The S&P BSE Sensex surged 767 points or 0.1.28 per cent to 60,686.69. The Nifty 50 index gained 229.15 points or 1.28 per cent to close above the 18,000 level at 18,102.75. The Nifty Bank added, 173.15 points, or 0.45 per cent, to settle at 38,733.35.

In the broader market at BSE, the S&P BSE MidCap index rose 0.57 per cent and the BSE SmallCap index added 0.25 per cent.

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

Day support zone on Nifty is 18,050-18,100, below that 17,975-18,025 is a strong Buy zone.

Day higher zone on Nifty is 18,200-18,265, above that 18,300-18,350 is a strong Profit booking zone.

Day support zone on Bank Nifty is 38,575-38,750, below that 38,350-38,450 is a strong Buy zone.

Day higher zone on Bank Nifty is 39,025-39,225, above that 39,300-39,450 is a Profit booking zone.

The small day range for trading on Nifty is 18,100-18,200, while the medium and bigger day ranges are 18,050-18,265 and 17,975-18,300, respectively.

The small day range for trading on Bank Nifty is 38,575-39,025, while the medium and bigger day ranges are 38,450-39,225 and 38,350-39,300, respectively.

FIIs Index long increased to 57% Vs 50%.

PCR at 1.15 Vs 0.99.

India VIX down by 7% at 15.22.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,975.

Bank Nifty Intraday stop loss is 38,350 and Closing stop loss 38,500.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,200.

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

For New Positions:

Buy Nifty with a stop loss of 17,975 and target 18,175, 18,200, 18,265, 18,300, 18,350.

Sell Nifty in 18,300-18,375 range with a stop loss of 18,450 and target 18,265, 18,200, 18,175, 18,125.

For New Positions:

Buy Bank Nifty with a stop loss of 38,500 and target 38,925, 39,025, 39,125, 39,225, 39,300, 39,375, 39,450.

Sell Bank Nifty in 39,225-39,375 range with a stop loss of 39,500 and target 39,125, 39,025, 38,925, 38,750.

F&O Ban Update:

New In Ban: NALCO

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

Out Of Ban: Nil

Stock Of The Day:

Buy Hero Moto Futures: Stop loss 2675 and target 2740, 2760, 2775. Excellent Results.

PB Fintech Listing Preview: Expected to list in 1075-1125 range. Long Term Investors can HOLD with a Stop loss of issue price of 980.

SJS Enterprises Listing Preview: Expected to list around 600-625 range. Long Term Investors can HOLD with a Stop loss of issue price of 542.

Sigachi Industries Listing Preview: Bumper Listing Expected as issue subscribed 101 times. Expected to list around 350-400 against issue price of 163.

Tarsons Products IPO Preview:

ONLY HIGH RISK-TAKING INVESTORS APPLY FOR LONG TERM

Positives:

Good financial Track Record

Healthy Cash flow and debt-free after IPO

Negatives:

Small size company with only Rs 229 Crore Revenue

Expensive Valuations at 40 PE, 12 PB, 14 times Market Cap/ Revenue