Anil Singhvi’s Market Strategy January 1: PSU, Midcaps & Smallcaps are Positive; Auto sector is Negative

Benchmark domestic stocks, Sensex and Nifty, on Monday, December 31, 2018, closed almost flat after logging gains in last three sessions. On the day, the S&P BSE Sensex fell 8.39 points (0.02%) to end at 36,068.33 while Nifty 50 added 2.65 points (0.02%) to settle at 10,862.55. 

Similarly, Nifty Bank rose 34.95 points (0.13%) and closed at 27,160.20. 

Positive global market, future and option (F&O) and sentiments and neutral foreign institutional investors (FII) and domestic institutional investors (DIIs) cues, suggests that the short-term trend of the Indian market will be positive on Tuesday, January 1, 2019, the last day of trading of the year.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 1: 
10,900 and 27,200 are going to be the deciding level on Nifty and Bank Nifty. 
The small and medium trading range on Nifty lies between 10,825-10,900 and 10,800-10,925 while the extreme range stands at 10,750-10,970. 
Small and medium trading range on Bank Nifty lies between 27,100-27,250 and 27,000-27,350 while extreme range resides at 26,900-27,500. 
Traders are advised to reduce their buying positions if the two indices, Nifty and Bank Nifty, close below the mark of 10,775 and 27,000. 
The market may go bullish if the two indices close above 11,050 and 27,400. 

Buy and Sell Strategy on Nifty
Buy Nifty with a stop loss of 10,800 and target of 10,900, 10,925 and 10,975. 
Sell Nifty in 10975-11000 range with a stop loss of 11,050 and target of 10,925, 10,900. 

Buy and Sell Strategy on Bank Nifty
Buy Bank Nifty with a stop loss of 27,000 and target of 27,250, 27,350, 27,450. 
Sell Bank Nifty in 27,400-27,500 range with a stop loss of 27,550 and target of 27,350, 27,250. 

The put-call ratio (PCR) stands at 1.53 and the volatility index (VIX) is 16.

Sectors in focus:
Positive: PSU, Midcaps, Smallcaps
Negative: Auto

Stock of the Day:
Sell Marti Futures: Stop loss 7550 and target 7450, 7375, 7325. Weak monthly sales numbers expected.