Anil Singhvi’s Strategy October 31: Markets trend positive; Buy BankNifty Futures; Buy ICICI Bank Futures

Amid neutral domestic institutional investors (DIIs), positive foreign institutional investors (FIIs) sentiments, and neutral futures and options (F&O) and positive global markets, the short-term trend of the domestic Indian share market are going to be positive on Thursday, October 30, 2019.

Equity benchmarks on Wednesday, October 30, 2019, logged gains after the Closing Bell on Fed's interest rate cut hopes. The BSE Sensex rose 220 points after closing at 40,051 levels — above the psychological 40,000 levels — while the 50-stock Nifty soared 57 points and closed at 11,844 levels. Bank Nifty index shot up 114 points and closed at 29,987 levels after the Closing Bell trade session on Wednesday. IT, tech, Oil, energy and gas led the bull run on Dalal Street yesterday.

See Zee Business Live TV below:

Here are details of Market Guru Anil Singhvi’s Strategy for October 30:

Global: Positive
FII: Positive
DII: Neutral
F&O: Neutral
Sentiment: Positive
Trend: Positive

See Anil Singhvi's tweet below:

31st Oct Strategy:

Global:Positive
FII:Positive
DII:Neutral
F&O:Neutral
Sentiment:Positive
Trend:Positive

Nifty 11725-11775 BankNifty 29650-29750 STRONG Day Support Zone

Nifty 11775-11875 small day range, 11725-11925 medium day range, 11675-11975 Bigger day range@ZeeBusiness

— Anil Singhvi Zee Business (@AnilSinghvi_) October 31, 2019

Nifty 11725-11775 BankNifty 29650-29750 STRONG Day Support Zone

Nifty 11775-11875 small day range, 11725-11925 medium day range, 11675-11975 Bigger day range

Bank Nifty 29900-30150 small range, 29750-30350 medium day range, 29650-30550 Bigger day range
 
For Existing Long Positions:
Nifty intraday and closing SL 11775
BankNifty intraday and closing SL 29700

For Existing Short Positions:
Nifty intraday and Closing SL 11900
BankNifty intraday and Closing SL 30150

For New Positions:
Buy Nifty; SL 11775 Tgt 11875, 11925, 11975
Sell Nifty in 11950-12000 range; SL 12050 Tgt 11900, 11875, 11850

For New Positions:
Buy BankNifty; SL 29850 Tgt 30150, 30350, 30500
 Sell BankNifty in 30500-30650 range; SL 30800 Tgt 30350, 30200
 
Sectors:
Positive: Banks, NBFC, PSU, Oil Companies

Stock of the Day:
Buy BankNifty Futures; SL 29875 Tgt 30150, 30275,30450

Aaj Ka Hero: 
Buy ICICI Bank Futures; SL 467 Tgt 480, 485