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Business News » India News

Anil Singhvi’s Strategy June 11: Market Trend is Neutral; Buy Sterlite Tech with Stop Loss 172

Amid positive global market, neutral F&O, FII and DIIs, the short-term trend of the domestic Indian market will be neutral, says Zee Business Managing Editor Anil Singhvi.

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Anil Singhvi’s Strategy June 11: Market Trend is Neutral; Buy Sterlite Tech with Stop Loss 172
Sell Indiabulls Housing Futures mainaining a stop loss at 735 for targets 720 and 705, ays Zee Business Managing Editor Anil Singhvi.
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 11, 2019
08:24 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi’s Strategy February 25: Day support zone on Nifty is 14900-14975 & Bank Nifty is 36000-36100 Anil Singhvi’s Strategy February 25: Day support zone on Nifty is 14900-14975 & Bank Nifty is 36000-36100
Anil Singhvi’s Strategy February 24: Day support zone on Nifty is 14,625-14,675 & Bank Nifty is 34,900-35,100 Anil Singhvi’s Strategy February 24: Day support zone on Nifty is 14,625-14,675 & Bank Nifty is 34,900-35,100
Anil Singhvi’s Strategy February 23: Day support zone on Nifty is 14625-14675 & Bank Nifty is 34900-35100 Anil Singhvi’s Strategy February 23: Day support zone on Nifty is 14625-14675 & Bank Nifty is 34900-35100
Anil Singhvi’s Strategy February 22: Day support zone on Nifty is 14900-14975 & Bank Nifty is 35550-35600 Anil Singhvi’s Strategy February 22: Day support zone on Nifty is 14900-14975 & Bank Nifty is 35550-35600
Anil Singhvi’s Strategy February 19: Day support zone on Nifty is 14,975-15,065 & Bank Nifty is 36,325-36,400 Anil Singhvi’s Strategy February 19: Day support zone on Nifty is 14,975-15,065 & Bank Nifty is 36,325-36,400

Amid positive global market, neutral futures and options (F&O), foreign institutional investors (FII) and domestic institutional investors (DIIs) cues, the short-term trend of the domestic Indian market will be neutral on Tuesday, June 11, 2019, and sentiment is Positive.  

Earlier on Monday, June 10, 2019, the domestic stocks that faced a volatile session closed in the green on the back of global strength. Nifty registered gains of 52.05 points, or 0.44 per cent, and closed at 11,922.70 while S&P BSE Sensex was up by 168.62 points, or 0.43 per cent, to close at 39,784.52. However, the Bank Nifty closed in a negative zone after losing 32.55 points, or 0.10 per cent, at 31,034.00. 

See Anil Signhvi's tweet below:

#MarketStrategy | पढ़िए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार रणनीति।@AnilSinghviZEE pic.twitter.com/xBVxcvNSs7

— Zee Business (@ZeeBusiness) June 11, 2019

Britannia, Tech Mahindra, and TCS were the top gainers of the day – up by 3.47 per cent, 2.41 per cent and 2.17 per cent – respectively. BPCL, Yes Bank and Coal India were the top losers – down by 3.26 per cent, 2.43 per cent and 2.22 per cent, respectively. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 11:
11,900 and 31,000 are the deciding levels on Nifty and Bank Nifty respectively. 
The small and medium day range for trading on Nifty lies between 11,875-11,975 and 11,825-12,000. The bigger range is 11,750-12,075.
The small and medium day range for trading on Bank Nifty lies between 30,850-31,250 and 30,650-31,375. The bigger range is 30500-31500
Trend positive again if Nifty closes above 11,950, and Bank Nifty above 31,250. 

For Existing Long Positions:
Nifty intraday and closing basis stop loss 11,825. 
Bank Nifty intraday and closing basis stop loss 30,800. 

For Existing Short Positions:
Nifty intraday stop loss 12,000 and closing basis stop loss 11,950. 
Bank Nifty intraday and closing basis stop loss 31,250. 

For New Positions:
Buy Nifty with a stop loss of 11,825 and target 11,975, 12,000, 12,035. 
Sell Nifty in 12,000-12,035 range with a stop loss of 12,110 and target 11,950. 

Buy Bank Nifty with a stop loss of 30,850 and target 31,250, 31,375, 31,500. 
Sell Bank Nifty in 31,375-31,500 range with a stop loss of 31,550 and target 31,250, 31,150. 

No new in or out in F&O Ban.
Already in Ban: IDBI, DHFL, PC Jewel
 
The put-call ratio (PCR) stands at 1.36 and the volatility index (VIX) is 14.97.

Stock of the Day:
Sell Indiabulls Housing Futures: Stop loss 735 and target 720, 705. Given in ‘Kal Ke 2000’, a segment on Zee Business Channel, book profit at the gap down opening. 

Aaj Ka Hero:
Buy Sterlite Technologies: Stop loss 172 and target 178, 180. Promoters revoked full 52 per cent pledged stake. 

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:
SensexNiftyBank NiftyDALAL STREETBSEMarkets
RELATED NEWS
Anil Singhvi’s Strategy February 25: Day support zone on Nifty is 14900-14975 & Bank Nifty is 36000-36100 Anil Singhvi’s Strategy February 25: Day support zone on Nifty is 14900-14975 & Bank Nifty is 36000-36100
Anil Singhvi’s Strategy February 24: Day support zone on Nifty is 14,625-14,675 & Bank Nifty is 34,900-35,100 Anil Singhvi’s Strategy February 24: Day support zone on Nifty is 14,625-14,675 & Bank Nifty is 34,900-35,100
Anil Singhvi’s Strategy February 23: Day support zone on Nifty is 14625-14675 & Bank Nifty is 34900-35100 Anil Singhvi’s Strategy February 23: Day support zone on Nifty is 14625-14675 & Bank Nifty is 34900-35100
Anil Singhvi’s Strategy February 22: Day support zone on Nifty is 14900-14975 & Bank Nifty is 35550-35600 Anil Singhvi’s Strategy February 22: Day support zone on Nifty is 14900-14975 & Bank Nifty is 35550-35600
Anil Singhvi’s Strategy February 19: Day support zone on Nifty is 14,975-15,065 & Bank Nifty is 36,325-36,400 Anil Singhvi’s Strategy February 19: Day support zone on Nifty is 14,975-15,065 & Bank Nifty is 36,325-36,400

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