Anil Singhvis Strategy June 21: Market Trend is Neutral; Sell Tata Motors with Stop Loss 161

Amid positive global market, domestic institutional investors (DIIs) and sentiment, neutral foreign institutional investors (FII) and futures and options (F&O) cues, the short-term trend of the domestic Indian market will be neutral on Friday, June 21, 2019. 

Despite a negative start on Thursday, June 20, 2019, the Bulls came back on the Dalal Street and helped the domestic markets to close on a strong note. Nifty closed up by 140.30 points, 1.20%, at 11,831.75 levels while Sensex was up by 488.89 points, 1.25%, at 39,601.63. Similarly, Bank Nifty rose 419 points, 1.38%, and settled at 30,781.10. Yes Bank was the top gainer of the day up by 11.43% while Indiabulls Housing and IndusInd Bank were up by 8.55 and 4.10% respectively while UPL, down by 8.45%, was the biggest loser. 

See Anil Singhvi's tweet below:

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 21:
11,800 and 30,700 are going to be the deciding levels on Nifty and Bank Nifty, respectively. 
The small day range for trading on Nifty stands at 11,800-11,900 while the medium and bigger ranges lie between the mark of 11,725-11,925 and 11,675-11,950 respectively. 
The small day range for trading on Bank Nifty stands at 30,650-30,850 while the medium and bigger ranges lie between the mark of 30,500-30,950 and 30,350-31,050 respectively.

For Existing Long Positions:
Nifty intraday and closing basis stop loss of 11,675. 
Bank Nifty intraday 30,600 and closing basis stop loss of 30,350. 

For Existing Short Positions:
Nifty and Bank Nifty intraday and closing basis stop loss of already triggered. 

For New Positions:
Buy Nifty near 11,800 with a stop loss of 11,690 and target 11,850, 11,900, 11,925. 
Sell Nifty in 11,900-11,925 range with a stop loss of 12,000 and target 11,850, 11,825.  

Buy Bank Nifty in 30,500-30,600 range with a stop loss of 30,350 and target 30,700, 30,825, 30,900. 
Sell Bank Nifty in 30,900-31,000 range with a stop loss of 31,050 and target 30,825, 30,700. 

Total 5 stocks in Ban
Enter F&O Ban: Reliance Capital, Jain Irrigation
Out of Ban: Reliance Infrastructure, IDBI
3 Already in Ban: DHFL, PC Jewellers, Jet Airways

The put-call ratio (PCR) stands at 1.59 and the volatility index (VIX) is 14.

Stock of the Day:
Sell Tata Motors Futures: Stop loss 161 and target 156, 155. Rating downgrade by Moody's.