Anil Singhvi’s Market Strategy November 30: PCR on higher side at the start of December series; NBFC is Positive

The day completely belonged to Bulls on Thursday, November 29, 2018, and pushed the domestic market to close in a green. The S&P BSE Sensex jumped 453.46 points or 1.27% to close at 36,170.41 while the Nifty 50 advanced by 129.85 points or 1.21% and closed at 10,858.70. 

The Nifty Bank went up by 481.65 points or 1.82% and closed at 26,939.60. 

Amid positive sentiments, future and option (F&O), foreign institutional investors (FIIs), domestic institutional investors (DIIs) and neutral global market cues, the short-term trend of the Indian market will be positive today, November 30, 2018. 

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Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 30: 

PCR 1.75 at the start of December series is on the higher side.

Small and Bigger trading range on Nifty lies between 10,800-10,900 and 10775-10950 respectively while the extreme range stands at 10,725-11,000. 

Small and Bigger trading range on Bank Nifty lies between 26,650-27,000 and 26,500-27,100 respectively while the extreme range stands at 26,400-27,250. 

#MarketStrategy | दिसंबर सीरीज़ की शुरुआत और हफ्ते के आखिरी कारोबारी दिन क्या हो बाज़ार में आपकी रणनीति जानिए अनिल सिंघवी से।@AnilSinghviZEE pic.twitter.com/jUP5woXQJy

— Zee Business (@ZeeBusiness) November 30, 2018

Intraday support zone on the two indices, Nifty and Bank Nifty, resides between 10775-10800 and 26600-26700 respectively. 

Traders are advised to close their buying positions if Nifty and Bank Nifty closes below the mark of 10,675 and 26,450. 

Buy and Sell strategy on Nifty 

Buy Nifty near 10,800 with a stop loss of 10,775 and target 10,850, 10,875, 10900.  

Sell Nifty near 10,950 with a stop loss of 11,000 and target 10,900-10,875. 

Buy and Sell strategy on Bank Nifty 

Buy Bank Nifty with a stop loss of 26,600 and target 27,000, 27,100, 27,250. 

Sell Bank Nifty in the range of 27,100-27,200 with a stop loss of 27,250 and target 27,000. 

No stock in F&O ban

Sectors:

Positive: NBFC

The put-call ratio (PCR) stands at 1.75 and the volatility index (VIX) is 18.70.  

Stock of the Day:

Buy Himatsingka Seide: Stop loss 212 and target 218, 222. Franklin fund bought 4 lac shares. 

Sell Equitas Futures: Stop loss 108 and target 103, 101. Kotak fund sold 25 lac shares@106.20.