ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Anil Singhvi’s Strategy February 24: Metal, Auto, Bank & NBFC are Negative; Sell Max Financial Futures with Stop Loss 595

The stock markets, the Sensex and the Nifty closed in a red on Thursday, February 20, 2020. After trading near the flat line for the most part of the session, key indices slipped by 0.37% in the last hour of the trade and ended near the day's low.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anil Singhvi’s Strategy February 24: Metal, Auto, Bank & NBFC are Negative; Sell Max Financial Futures with Stop Loss 595
Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 24

Amid negative global markets, domestic institutional investors (DIIs), sentiment and neutral foreign institutional investors (FIIs) and futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Monday, February 24, 2020.

The stock markets, the Sensex and the Nifty closed in a red on Thursday, February 20, 2020. After trading near the flat line for the most part of the session, key indices slipped by 0.37% in the last hour of the trade and ended near the day's low. Trading was volatile due to expiry of weekly index options on the NSE.

The S&P BSE Sensex, fell 152.88 points or 0.37% to 41,170.12. The Nifty 50 index lost 45.05 points or 0.37% at 12,080.85. However, Nifty Bank gained 104.65 points or 0.34% and closed at 30,942.85.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for February 24:

The small day range for trading on Nifty is 12,000-12,050, while the medium and bigger ranges are 11,925-12,100 and 11,800-12,150.

The small day range for trading on Bank Nifty is 30,600-30,950, while the medium and bigger ranges are 30,500-31,000 and 30,250-31,100.

For Existing Long Positions:

Nifty intraday and closing stop loss 12,000.

Bank Nifty intraday and closing stop loss 30,700.

For Existing Short Positions:

Nifty intraday and closing stop loss 12,100.

Bank Nifty intraday and closing stop loss 31,000.

For New Positions:

Sell Nifty with a stop loss of 12,100 and target 12,000, 11,925.

Buy Nifty in 11,900-11,925 range with a stop loss of 11,875 and target 12,000, 12,025.

Sell Bank Nifty with a stop loss of 31,000 and target 30,700, 30,600, 30,500, 30,250.

Buy Bank Nifty near 30,500 with a stop loss of 30,450 and target 30,600, 30,700, 30,800.

Put-Call Ratio (PCR) is 1.4. The volatility index (VIX) is 13.70.

Out of F&O Ban: NCC

Already in F&O Ban: Yes Bank

Sectors: 

Negative: Metal, Auto, Bank, NBFC

Watch Zee Business live TV below:

Stock of the Day:  

Sell Max Financial Futures: Stop loss 595 and target 545, 530, 515. Max Finance Axis tie-up is not attractive. 575-595 Bestselling zone.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Markets
Written By: Jitesh Kumar Jha
Updated: Mon, Feb 24, 2020
08:54 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Closing Bell: Sensex, Nifty record 7 successive loss on Monday; Adani Enterprises top loser Closing Bell: Sensex, Nifty record 7 successive loss on Monday; Adani Enterprises top loser
Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy Zomato shares rally on home-style food service launch; Morgan Stanley is Overweight, recommends buy
8 triggers that could impact movement when Sensex, Nifty resume trading today 8 triggers that could impact movement when Sensex, Nifty resume trading today
Sebi proposes regulatory framework for ESG Rating Providers Sebi proposes regulatory framework for ESG Rating Providers
Closing Bell: Sensex, Nifty end February series in red; Hindalco top gainer while Asian Paints biggest laggard Closing Bell: Sensex, Nifty end February series in red; Hindalco top gainer while Asian Paints biggest laggard

LATEST NEWS

74% Indians rely on YouTube to get cleaning tips, 42% use Instagram: Dyson

Vedanta Resources pays USD 400 mn debt, borrowings down to USD 6.4 bn

Renault sales in India: Crosses milestone of 9 lakh units

Delhi Metro update: Services delayed on Magenta Line from Janakpuri West to Botanical Garden

MPID Court directs EOW to investigate former FMC chairman Ramesh Abhishek's role in NSEL case

UEFA Europa League Final 2023, Sevilla FC vs AS Roma Preview: Serial UEL winners, or "The Special One"? — When and where to watch, timing, head-to-head, team news, venue, probable XI, squads

Manappuram Finance launches digital lending app Ma-Money

FII inflow: May could be best month for Dalal Street since February 2021

Apple iPhone 14 available at 'lowest price ever': Flipkart offering huge discount - Check details

LinkedIn scams via fake job offers, phishing on the rise - Here's how to avoid online job scams

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV