Anil Singhvi’s Market Strategy January 11: FMCG is Positive; TCS is stock of the Day

Applying a full stop to the rising spree of four days, the Indian domestic market, Sensex and Nifty, closed in a red on Thursday, January 10, 2018. On the day, S&P BSE Sensex was down 106.41 points, or 0.29 per cent, and ended at 36,106.50 and the Nifty 50 declined 33.55 points, or 0.31 per cent, and closed at 10,821.60. Similarly, Nifty Bank closed at 27,528.55 after falling 191.85 points, or 0.69 per cent. Amid positive global market and foreign institutional investors (FII), neutral future and option (F&O) and domestic institutional investors (DIIs) and stable sentiments cue the short-term trend of the Indian market will be positive on Friday, January 11, 2019.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 11: 
Nifty to trade volatile in 10,700-10,900 closing range. 
10,800 and 27,500 are going to be the deciding levels on Nifty and Bank Nifty. 
The small and medium trading range on Nifty lies between 10,800-10,875 and 10,775-10,900 respectively. The extreme range stands at 10,750-10,925. 
The small and medium trading range on Bank Nifty lies between 27,400-27,700 and 27,300-27,800 respectively. The extreme range stands at 27,200-27,950. 
Traders are advised to reduce their positions in the case where the two indices, Nifty and Bank Nifty, close below the mark of 10,800 and 27,500. However, they should close their positions if they close below 10,725 and 27,200.

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— Zee Business (@ZeeBusiness) January 11, 2019

Buy and Sell Strategy for Nifty
Buy Nifty with a stop loss of 10,800 and target of 10,875, 10,900, 10,925. 
Sell Nifty in 10,900-10,925 range with a stop loss of 10,950 and target of 10,825, 10,800. 

Buy and Sell Strategy for Bank Nifty
Buy Bank Nifty with a stop loss of 27,400 and target of 27,700, 27,800, 27,900. 
Sell Bank Nifty in 27,900-28,000 range with a stop loss of 28,050 and target 27,750. 

The put-call ratio (PCR) stands at 1.46 and the volatility index (VIX) is 15.35.
2 Already in F&O Ban: Adani Power, Jet Airways. 

Sectors:

Positive: FMCG
Negative: Auto and Metals sell on a rise. 
Stock of the Day:
Sell TCS Futures: Stop loss 1920 and target 1860, 1850, 1835. Margins and profit below expectations. 

Aaj ka Hero:
Sell Tata Motors Futures: Stop loss 189 and target 184, 181. Weak JLR retail sales numbers