Amid neutral global markets, future & options (F&O), negative foreign institutional investors (FIIs), domestic institutional investors (DIIs) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Wednesday, October 13, 2021. 

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After trading in the red for the most part of the session, the domestic stock markets ended in green on Tuesday, October 12, 2021. The S&P BSE Sensex gained 148.53 points or 0.25 per cent to end at 60,284.31. The Nifty 50 rose 46 points or 0.26 per cent to 17,991.95. The Bank Nifty index closed 227.70 points or 0.59 per cent higher at 38,521.50.

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In the broader market at the BSE, the S&P BSE MidCap rose 0.65 per cent and S&P BSE SmallCap gained 0.26 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for October 13:

Day support zone on Nifty is 17,900-17,940, below that 17,800-17,850 is a strong Buy zone.

Day higher zone on Nifty is 18,040-18,090, above that 18,140-18,190 is a strong Profit booking zone.

Day support zone on Bank Nifty is 38,175-38,350, below that 37,925-38,125 is a strong Buy zone.

Day higher zone on Bank Nifty is 38,600-38,750, above that 38,800-38,950 is a strong Profit booking zone.

The small day range for trading on Nifty is 17,940-18,040, while the medium and bigger day ranges are 17,900-18,100 and 17,840-18,140, respectively.

The small day range for trading on Bank Nifty is 38,350-38,650, while the medium and bigger day ranges are 38,150-38,800 and 37,925-38,950, respectively.

FIIs reduce Index long position at 60% Vs 64%.

PCR at 1.28 Vs 1.3.

India VIX down -1.48% at 15.85.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,790.

Bank Nifty Intraday and Closing stop loss are 38,000.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,050.

Bank Nifty Intraday and Closing stop loss are 38,650.

For New Positions:

Aggressive Traders Buy Nifty with a stop loss of 17,840 and target 18,040, 18,090, 18,140, 18,190.

Buy Nifty in 17,850-17,900 range with a stop loss of 17,750 and target 17,940, 17,990, 18,040.

Aggressive traders Sell Nifty in 18,150-18,200 range with a stop loss of 18,250 and target 18,100, 18,050, 18,000, 17,950.

For New Positions:

Aggressive Traders Buy Bank Nifty with a stop loss of 38,300 and target 38,600, 38,750, 38,800, 38,950.

Buy Bank Nifty in 38,150-38,350 range with a stop loss of 37,900 and target 38,475, 38,525, 38,600.

Sell Bank Nifty in 38,850-38,950 range with a stop loss of 39,000 and target 38,700, 38,625, 38,525, 38,375.

F&O Ban Update:

Total 7 stock in F&O Ban:

Already In Ban: Bank of Baroda, Indiabulls Housing Finance, IRCTC, NALCO, PNB, SAIL, Sun Tv

Out Of Ban: BHEL, Canara Bank