Amid positive domestic institutional investors (DIIs) and future & options (F&O) data, neutral global markets cues, negative foreign institutional investors (FIIs), the sentiment of the market remains cautious and trend neutral on Monday.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See Zee Business Live TV Streaming Below:

The Indian equity benchmarks Sensex and Nifty50 extended their losses on Thursday in the holiday-truncated last week. Headline indices Sensex ended 372 points lower, while Nifty50 gave up 17,800 to close at 17,745.35 and 59,636.01 respectively. Nifty slipped by 153.30 points or 0.86 % on Thursday.

Auto, financial and tech shares dragged the market the most on the last trading day of the week amid two IPOs—Paytm and Sapphire Foods — making weak to decent listing on Thursday.  Banking shares and Nifty giant Reliance Industries lent support to the market.

Banking Index Nifty Bank closed Thursday just shades below 38,000-mark. The banking index settled 65 points lower to 37,976.25.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 22:

Day support zone on Nifty is 17625-17700; below that 17500-17575 is strong Buy zone
Day higher zone on Nifty is 17800-17875; above that 17900-17950 is strong Sell zone

Day support zone Bank Nifty is 37575-37750;  below that 37350-37450 is strong support zone
Day higher zone on Bank Nifty is 38225-38300; above that 38450-38600 is strong Sell zone

Small day range on Nifty is17675-17800 , medium range is 17625-17875, while bigger day range is 17575-17900.  
Small Day Range on Bank Nifty is 37750-38225, medium range is 37575-38300, while nigger range is 37450-38450
 
FIIs Index long decreased to 54% Vs 55%
PCR oversold at 0.88 Vs 0.81, Short covering expected from lower levels
India VIX down by 1% at 14.86

For Existing Long Positions:
 Nifty Intraday Stoploss is 17600 and Closing Stoploss is 17670
Bank Nifty Intraday and Closing stoploss is 37750
 
For Existing Short Positions:
 Nifty Intraday and Closing SL 17950
Bank Nifty Intraday and Closing SL 38300
 
For New Positions:
Buy Nifty in 17625-17700 range
Stoploss:17500;  Targets: 17775, 17800, 17825, 17875
 
Aggressive Traders Buy Nifty:
Strict stoploss: 17675;  Targets: 17800, 17825, 18875, 17900, 17950
 
Sell Nifty in 17875-17950 range:
Stoploss 18,050; Targets: 17825, 17800, 17775, 17700

Aggressive Traders Sell Nifty:
Strict stoploss: 17950; Targets: 17700, 17675, 17625, 17575

For New Positions:
 Sell BankNifty in 38225-38450 range:
SL 38600 Tgt 38050, 37975, 37750
 
Aggressive Traders Sell BankNifty:
Strict SL 38300 Tgt 37750, 37650, 37575, 37525, 37425, 37350
 
Buy BankNifty in 37525-37650 range:
SL 37350 Tgt 37750, 37825, 37975, 38050, 38225
 
Aggressive Traders Buy BankNifty:
Strict SL 37750 Tgt 38050, 38225, 38300, 38450, 38550

F&O Ban Update:
New In Ban: Escorts, Vodafone Idea  
Out Of Ban: IRCTC, IBulls Housing Fin
Already In Ban: NALCO, BHEL, Sun TV, SAIL