Anil Singhvi’s Strategy June 19: Market Trend is Neutral; Buy Bank Nifty Cash with Stop Loss 30,200

Amid positive global market, neutral foreign institutional investors (FII), futures and options (F&O) and domestic institutional investors (DIIs) cues, the short-term trend of the domestic Indian market will be neutral on Wednesday, June 19, 2019, while the sentiments are positive. 

Earlier on Tuesday, June 18, 2019, the domestic markets ended the volatile trading session with small gains. The Sensex settled above the psychological 39,000 level after moving above and below that level in intraday trade. Nifty closed up by 19.35 points, 0.17%, at 11,691.50 while BSE Sensex gained 85.55 points, 0.22%, to close at 39,046.34. Similarly, Bank Nifty rose by 77.75 points, 0.26%, to settle at 30,351.00.

See Anil Singhvi's tweet below:

#MarketStrategy | 5 दिनों के इंतजार के बाद आज पढ़िए #Nifty और #BankNifty पर अनिल सिंघवी की दमदार रणनीति।@AnilSinghviZEE pic.twitter.com/3GQyoM4D0V

— Zee Business (@ZeeBusiness) June 19, 2019

Vedanta was the top gainer of the day and was up by 2.50%, while BPCL (up 2.08%), Coal India (up 2%), ICICI Bank (up 1.98%)and Power Grid (up 1.88%) were other gainers of the day. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 19:
11,700 and 30,500 are the deciding levels on Nifty and Bank Nifty, respectively. 
The small day range for trading on Nifty stands at 11,700-11,800 while the medium and bigger ranges lie between 11,675-11,825 and 11,640-11,900.
The small day range for trading on Bank Nifty stands at 30,500-30,625 while the medium and bigger ranges lie between 30,350-30,850 and 30,200-30,950. 
Trend neutral till Nifty and Bank Nifty closes above the mark of 11,650 and 30,250. 

For Existing Long Positions:
Nifty intraday and closing basis stop loss 11,640. 
Bank Nifty intraday and closing basis stop loss 30,200

For Existing Short Positions:
Nifty intraday stop loss 11,730 and closing basis stop loss 11,825. 
Bank Nifty intraday stop loss 30,550 and closing basis stop loss 30,650

For New Positions:
Buy Nifty with a stop loss of 11,640 and target 11,800, 11,825, 11,850. 
Sell Nifty in 11,850-11,875 range with a stop loss of 11,925 and target 11,800. 
Buy Bank Nifty with a stop loss of 30,200 and target 30,500, 30,625, 30,850. 

Enters F&O Ban: Nil
Out of Ban: Reliance Infrastructure
5 Already in Ban: IDBI, DHFL, PC Jewellers, Jet Airways and Reliance Capital. 

The put-call ratio (PCR) stands at 1.14 and the volatility index (VIX) is 14.60.

Stock of the Day:
Buy Bank Nifty Cash: Stop loss 30,200 and target 30,500, 30,625, 30,850. 

Aaj Ka Hero:
Buy IndusInd Bank Futures: Stop loss 1400 and target 1425, 1435.