Anil Singhvi’s Strategy November 19: Market Trend & Sentiment are Positive; Buy Grasim Futures with Stop Loss 760

Amid positive sentiment, neutral global markets, domestic institutional investor (DII), futures & options (F&O) and foreign institutional investor (FII) cues, the short-term trend of Indian share market will continue to be positive on Tuesday, November 19, 2019.

Earlier on Monday, November 19, 2019, the domestic equity market closed moderately lower as investor sentiment remained subdued due to lack of major positive triggers. The Sensex failed to hold the 40,300-mark and fell 72.50 points or 0.18% to 40,284.19. Nifty slipped 10.95 points or 0.09% to end at 11,884.50, while Bank Nifty lost 16.30 points or 0.05% and closed slightly low at 30,992.10.

See Zee Business Live TV streaming below:

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

Small day range for trading on Nifty stands at 11,850-11,950 while the medium and bigger ranges lie between 11,825-11,975 and 11,800-12,000.

Small day range for trading on Bank Nifty stands at 30,850-31,100 while the medium and bigger ranges lie between 30,750-31,200 and 30,600-31,450. 

For Existing Long Positions:

Nifty intraday and closing stop loss 11,800.

Bank Nifty intraday and closing stop loss 30,750. 

For Existing Short Positions:

Nifty intraday and closing stop loss 12,000.

Bank Nifty intraday and closing stop loss 31,250. 

For New Positions:

Buy Nifty in 11,800-11,850 range with a stop loss of 11,775 and target 11,900, 11,950, 11,975.

Sell Nifty in 11,950-12,000 range with a stop loss of 12,035 and target 11,900, 11,875, 11,850.

Sell Bank Nifty with a stop loss of 31,250 and target 30,850, 30,750, 30,650.

Buy Bank Nifty in 30,650-30,750 range with a stop loss of 30,500 and target 30,850, 30,900, 31,000. 

The put-call ratio (PCR) is 1.32 and the volatility index (VIX) is 15.73.

No stock in F&O Ban

Out of Ban: Just Dial

Stock of the Day:

Buy Grasim Futures: Stop Loss 760 and target 780, 787. Vodafone-Idea to hike tariff from December 1, 2019.