Anil Singhvi’s Strategy February 18: Pharma & Metal sector are Positive; Buy Dr. Reddy’s Futures with Stop loss 2550

Positive domestic institutional investors (DIIs), neutral global market, futures and options (F&O), negative foreign institutional investors (FII) and cautious sentiments suggest that the short-term trend of the Indian market will remain negative on Monday, February 18, 2019. 

Earlier on Friday, February 15, 2019, the key indices at the Stock markets, Sensex and Nifty, closed in a red after witnessing a marginal fall from the previous day. On that day, the BSE Sensex declined 67.25 points (0.19%) to end at 35,808.95. The Nifty 50 closed at 10,724.40 after witnessing a fall of 21.65 points (0.20%) while the Nifty Bank tumbled 176.35 points (0.65%) to settle at 26,794.25. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 18: 
10,700 and 26,800 are the deciding levels on Nifty and Bank Nifty. 

The small and medium trading ranges on Nifty lies between 10,700-10,775 and 10,650-10,800 while the extreme range stands at 10,600-10,850. 

In the case of Bank Nifty, the small range stands at 26,650-26,900 while the medium and extreme ranges lie between 26,550-27,000 and 26,450-27,150. 

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For Existing Long Positions:
Stop loss already triggered in Nifty and Bank Nifty. 

For Existing short positions:
Nifty stop loss 10,800 and target 10,700, 10,650, 10,625. 
Bank Nifty stop loss 27,050 and target 26,650, 26,550. 

For New Positions:
Sell Nifty in 10,775-10,800 range with a stop loss of 10,850 and target 10,725, 10,700. 
Buy Nifty in 10,600-10,625 range with a stop loss of 10,525 and target 10,700, 10,725. 
Sell Bank Nifty in 26,900-27,050 range with a stop loss of 27,150 and target 26,800, 26,650. 
Buy Bank Nifty near 26, 500 with a stop loss of 26,450 and target 26,650, 26,800. 

The put-call ratio (PCR) stands at 1.30 and the volatility index (VIX) is 16.46. 

Sectors:
Positive: Pharma, Metals
Negative: Aviation, Oil & Gas

Enters F&O Ban: Nil
Out of Ban: IDBI
6 Already in Ban: Jet Airways, Reliance Power, Adani Enterprises, Jain Irrigation, CG Power, PC Jewellers.

Stock of the Day: Buy Dr. Reddy’s Futures: Stop loss 2550 and target 2640, 2680, 2700. Dwada unit gets a clean chit from USFDA. 

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Aaj Ka Hero: Buy Reliance Capital Futures: Stop loss 146 and target 152, 155, 160. ADAG group gets relief from lenders. Trapped traders should exit at higher levels.