Anil Singhvi’s Strategy June 26: Amid neutral global markets, domestic institutional investors (DIIs), futures & options (F&O), Sentiment and negative foreign institutional investors (FIIs), cues, the short-term trend of the Indian stock markets will be positive on Friday, June 26, 2020.

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Domestic equity benchmarks on Thursday, June 25, 2020, closed with marginal losses amid negative global cues. Trading was volatile across the day as yesterday was a day for expiry of June 32020 F&O Contracts. Sensex at Bombay Stock Exchange lost 27 points, or 0.08%, to close at 34,842. Similarly, the Nifty at National Stock Exchange fell 16 points, or 0.16%, to settle at 10,289. However, Bank Nifty gained 79 points, or 0.37%, to end at 21,506.

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On the other hand, broader indices at BSE logged gains. Mid-cap climbed 0.62% while Small-cap surged 0.76%.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 26: 

Day support zone on Nifty is 10,175-10,250, below that 10,075-10,125 is the strong support zone.

Day higher range on Nifty is 10,375-10,400, above that 10,475-10,550 is the strong profit booking range.

Day support zone on Bank Nifty is 21,250-21,425, below that 20,900-21,000 is the strong support zone.

Day higher range on Bank Nifty is 20,700-20,950, above that 22,250-22,450 is the strong sell zone.

Put-Call Ratio (PCR) is 1.50, India Volatility Index (VIX) up 1% at 29.73.

For Existing Long Positions:

Nifty intraday and closing stop loss 10,175.

Bank Nifty intraday and closing stop loss 21,300.

For Existing Short Positions:

Nifty intraday and closing stop loss 10,400.

Bank Nifty intraday and closing stop loss 21,700.

For New Positions:

Buy Nifty with a stop loss of 10,175 and target 10,350, 10,400, 10,475, 10,500.

Sell Nifty in 10,400-10,475 range with a stop loss of 10,550 and target 10,350, 10,300, 10,250. 

Buy Bank Nifty with a stop loss of 21,300 and target 21,700, 21,800, 21,950, 22,050, 22,250. 

Sell Bank Nifty in 21,950-22,250 range with a stop loss of 22,500 and target 21,800, 21,700, 21,525.

No stocks in F&O Ban:

3 stocks Out of Ban: Glenmark, Just Dial, Vodafone Idea.

Results Analysis:

Apollo Hospitals Cash: Results Inline, operating profit better than expectations. 1,400-1,525 is trading range.