ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister
  • Money Guru: 10 funds for financial independence, this 15th August - details
  • India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data
  • India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why
Read in App
Business News » India News

Anil Singhvi’s Strategy January 29: Market to be Negative; Bank of India is Stock of the Day

After being volatile across the day, the Indian markets on Monday, January 28, 2019, ended in a red ahead of the monthly expiry. Nifty 50 ended the day 119 points (1.10%) down at 10,661.55 while Nifty Bank lost 462.25 points (1.70%) to close at 26,653.05 level. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anil Singhvi’s Strategy January 29: Market to be Negative; Bank of India is Stock of the Day
Traders are advised to reduce their buying positions if the two indices close below the mark of 10,800 and 27,150. Image source: Zee Business

After being volatile across the day, the Indian markets on Monday, January 28, 2019, ended in a red ahead of the monthly expiry. Nifty 50 ended the day 119 points (1.10%) down at 10,661.55 while Nifty Bank lost 462.25 points (1.70%) to close at 26,653.05 level. Similarly, S&P BSE Sensex went down 368.84 points (1.02%) and closed at 35,656.70. 

Negative global market and sentiments, neutral foreign institutional investors (FII), future and option (F&O) and domestic institutional investors (DIIs) cues suggest that the short-term trend of the Indian market will be negative on Tuesday, January 29, 2019. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for January 29:
10,700 is going to be the deciding level on Nifty. 

Small and medium trading levels on Nifty lies between 10,625-10,700 and 10,600-10,750 respectively. The extreme range stands at 10,525-10,800. 

In the case of Bank Nifty, the small and medium trading levels are residing at 26,500-26,800 and 26,350-26,900 respectively. The extreme range stands at 26,150-27,000. 

Next important intraday support level on the two indices, Nifty and Bank Nifty lies between 10,500-10,550 and 26,350-26,400. 

Traders are advised to reduce their buying positions if the two indices close below the mark of 10,800 and 27,150. 

Buy and Sell Strategy on Nifty
Sell Nifty with a stop loss of 10,750 and target 10,625, 10,600, 10,550. 
Buy Nifty in 10525-10550 range with a stop loss of 10,500 and target 10,625, 10,650. 

#FastMoney | आज इंट्राडे में दमदार कमाई कराने वाले 20 शेयर? जानिए संदीप ग्रोवर और रजत देवगन से। @AnilSinghviZEE @devganrajat9 @sandeepgrover09 pic.twitter.com/woDXGQLO6Q

— Zee Business (@ZeeBusiness) January 29, 2019

Buy and Sell Strategy on Bank Nifty
Sell Bank Nifty with a stop loss of 26,900 and target 26,600, 26,500, 26,400. 

Buy Bank Nifty in 26,800-26,900 range with a stop loss of 27,050 and target 27,000, 27,050, 27,150. 

The put-call ratio (PCR) stands at 1.23 and the volatility index (VIX) is 18.8975.

Enters F&O Ban: Adani Power

Out of Ban: Jet Airways,

2 Already in Ban: Adani Enterprises, Jain Irrigation

Sectors:
Positive: IT
Negative: NBFC

Result Analysis:
Ceat: Results and outlook very weak. 1110-1120 strong support, stock oversold may recover after a gap down. Short again near 1180-1200 range. 
Chennai Petro: Futures range 235-260. The stock may recover after a gap down opening due to steep fall in crude prices.  

Stock of the Day:
Sell Bank of India Futures: Stop loss 92 and target 88, 84, 82. Disaster results, poor asset quality, half of the capital infused already written off in one quarter.

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:
BSENSE
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 29, 2019
08:36 am
ZeeBiz WebDesk
RELATED NEWS
Tata Chemicals Quarterly Results: Check Q1 net profit, revenue and other details Tata Chemicals Quarterly Results: Check Q1 net profit, revenue and other details
Mahindra Holiday, Zensar Tech and Sudarshan Chemical shares: Buy, sell or hold—What should investors do? Mahindra Holiday, Zensar Tech and Sudarshan Chemical shares: Buy, sell or hold—What should investors do?
Torrent Power Quarterly Results: Check Q1FY23 net profit Torrent Power Quarterly Results: Check Q1FY23 net profit
Yatharth Hospital IPO: Sebi's go ahead to float initial public offering Yatharth Hospital IPO: Sebi's go ahead to float initial public offering
Stock Market Holidays 2022: Equity exchanges to remain shut on 9 August, Tuesday on account of Muharram Stock Market Holidays 2022: Equity exchanges to remain shut on 9 August, Tuesday on account of Muharram

LATEST NEWS

Shrikant Tyagi Noida News Update Today: ARRESTED! Here is latest on the Grand Omaxe woman abuse, assault matter

Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister

7th Pay Commission to stay! Govt not mulling 8th Pay commission; Is performance-based increment for central government employees on the cards?

Har Ghar Tiranga campaign: India Post delivering National Flag for FREE; Steps to buy Tricolour online at ePostoffice portal

Raksha Bandhan 2022: Indian Railways to run special trains - Full list, timing and route

5G Network launch date: Expect roll out of high-speed internet services by this time, says minister

Stock Markets: REVEALED! Why world economies fearing recession but India is emerging even stronger

Samsung Galaxy Unpacked event tomorrow - What to expect, LIVE streaming, when, where and how to watch Samsung event

Airtel to launch 5G services this month, cover every town by 2024, says MD Gopal Vittal

Rakesh Jhunjhunwala portfolio: This auto stock can show potential upside of 40% in coming months, says expert

  • 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
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV