Anil Singhvi’s Strategy June 25: Auto sector is Negative; Buy Piramal Enterprises Futures with Stop Loss 1920

Amid positive domestic institutional investors (DIIs) and foreign institutional investors (FII), neutral global market and futures and options (F&O) cues, the short-term trend of the Indian market will be neutral on Tuesday, June 25, 2019. The sentiment is cautious. Earlier on Monday, June 24, 2019, equity benchmarks, Sensex and Nifty, closed with losses amid mixed cues from global markets. Sensex at Bombay Stock Exchange lost 71.53 points or 0.18 per cent to end at 39,122.96. Nifty at National Stock Exchange also fell 24.45 points or 0.21 per cent to settle at 11,699.65. Similarly, Bank Nifty was 26.30 points or 0.09 per cent down and closed at 30,602.05. 

UPL, which was up by 5.38 per cent, was the top gainer of the day while Yes Bank was up by 1.64 per cent. JSW Steel, Eicher Motors and ONGC were the top losers of the day down by more than 3 per cent each. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 25:
11,700 and 30,600 are going to be the deciding levels on Nifty and Bank Nifty, respectively. 
The small and medium day range for trading on Nifty lies between 11,650-11,750 and 11,625-11,800, respectively. The bigger range stands at 11,600-11,825.
The small day range for trading on Bank Nifty stands at 30,500-30,800, a move of 150 points can be seen if it moves out of this range. The medium range is 30,350-30,950. 

For Existing Long Positions:
Nifty intraday stop loss 11,625 and closing stop loss 11,650
Bank Nifty intraday stop loss 30,500 and closing stop loss 30,350

For Existing Short Positions: 
Nifty intraday stop loss 11,750 and closing stop loss 11825.
Bank Nifty intraday stop loss and closing stop loss 30,825.

For New Positions:
Buy Nifty in 11,625-11,650 range with a stop loss of 11,600 and target 11,700, 11,725, 11,750. 
Sell Nifty in 11,800-11,825 range with a stop loss of 11,850 and target 11,750, 11,725, 11,700. 
Buy Bank Nifty in 30,400-30,500 range with a stop loss of 30,350 and target 30,600, 30,700, 30,800. 
Sell Bank Nifty in 30,750-30,800 range with a stop loss of 30,850 and target 30,650, 30,550, 30,400. 

Sectors

Negative: Auto

Total 5 stocks in Ban
Enters F&O Ban: Adani Power
Out of Ban: Jain Irrigation
4 Already in Ban: Reliance Infrastructure, Reliance Capital, Jet Airways and IDBI.

The put-call ratio (PCR) stands at 1.30 and the volatility index (VIX) is 15.22.

IPO Review: IndiaMART IPO: Retail investors with risk appetite can apply for 5 to 15 per cent small listing gains. 

Aaj Ka Hero: Buy Piramal Enterprises Futures: Stop loss 1920 and target 1975, 1990. Don’t buy if opens with gap up. PEL’s strategy to exit non-core assets to increase liquidity.