ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » India News

Anil Singhvi’s Strategy June 4: Market Trend and Sentiment are Positive; Sell Jet Air Cash with Stop Loss 143

Amid positive foreign institutional investors (FII), neutral global market and futures and options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend and sentiments of the domestic Indian market will be positive on Tuesday, June 4, 2019.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anil Singhvi’s Strategy June 4: Market Trend and Sentiment are Positive; Sell Jet Air Cash with Stop Loss 143
Important support zone on the two indices, Nifty and Bank Nifty, lies between 11,925-11,950 and 31,250-31,350. Image source: Zee Business

Amid positive foreign institutional investors (FII), neutral global market and futures and options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend and sentiments of the domestic Indian market will be positive on Tuesday, June 4, 2019.

In the previous session on June 3, 2019, the benchmark indices closed at all-time highs in the backdrop of three-day Monetary Policy Committee meeting that started yesterday. On the day, the Sensex at the Bombay Stock Exchange surged 553.42 points or 1.39 per cent to close at an all-time high of 40,267.62. The Nifty 50 gained 165.75 points or 1.39 per cent to 12,088.55. Similarly, Bank Nifty rose by 278.25 points or 0.89 per cent to settle at 31,653.65. 

Top Sensex gainers of Monday include Hero MotoCorp, Asian Paints, Bajaj Auto, IndusInd Bank and Indiabulls Housing Finance and they rose more than 3 per cent. 

The Reserve Bank of India’s Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday, June 6, 2019. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 4:
The small and medium day range for trading on Nifty lies between 12,040-12,100 and 12,000-12,175 respectively. The bigger range stands at 11,925-12,200.
The small and medium day range for trading on Bank Nifty lies between 31,500-31,650 and 31,350-31,700 medium range. The bigger range stands at 31,250-31,775. 
Important support zone on the two indices, Nifty and Bank Nifty, lies between 11,925-11,950 and 31,250-31,350. 
PCR at 1.76, be on an alert at the higher level. 

For Existing Long Positions:
Nifty intraday 12,000 and closing basis stop loss 11,925. 
Bank Nifty intraday 31,500 and closing basis stop loss 31,300

For Existing Short Positions:
Nifty intraday and closing basis stop loss 12,100.
Bank Nifty intraday 31,800 and closing basis stop loss 31,650.

For New Positions:
Buy Nifty in 12,000-12,040 range with a stop loss of 11,925 and target 12,100, 12,150. 
Sell Nifty with a stop loss of 12,110 and target 12,050, 12,000. 
Buy Bank Nifty in 31,250-31,350 range with a stop loss of 31,200 and target 31,500, 31,650, 31,750. 
Sell Bank Nifty with a stop loss of 31,725 and target 31,500, 31,375, 31,300. 

No stock in F&O Ban
The put-call ratio (PCR) stands at 1.76 and the volatility index (VIX) is 15.97.

Stock of the Day:
Sell Axis Bank Cash: Stop loss 820 and target 800, 790. Fitch downgraded the rating to BB+ from BBB-

Aaj Ka Hero: 
Sell Jet Air Cash: Stop loss 143 and target 137, 135, 131. Hinduja is not interested in buy stake with debt. 
 

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:
Anil SinghviMarkets
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 04, 2019
08:58 am
ZeeBiz WebDesk
RELATED NEWS
Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable Stock market on Monday: Market may continue its volatile trade, believes Anil Singhvi - crude, rupee movement key monitorable
Stocks to Buy: Sanjiv Bhasin recommends Aarti Industries, Bank of Baroda, Tata Steel; Know the details Stocks to Buy: Sanjiv Bhasin recommends Aarti Industries, Bank of Baroda, Tata Steel; Know the details
Stock Market Outlook: Our dependence on US market limited now, next 10-15 years belong to India, says Anil Singhvi | Here's why Stock Market Outlook: Our dependence on US market limited now, next 10-15 years belong to India, says Anil Singhvi | Here's why
Anil Singhvi Strategy on July 1: Support Zone on Nifty is 15675-15725, Bank Nifty is 33100-33200 Anil Singhvi Strategy on July 1: Support Zone on Nifty is 15675-15725, Bank Nifty is 33100-33200
Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125 Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

LATEST NEWS

Commerce Minister looking to release new foreign trade policy before September, says official

Tracxn in wait-and-watch mode over timing of proposed public offer amid choppy market

Maruti Suzuki looks to deploy strong hybrid tech across model range

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Three of top 10 BSE-listed companies lose Rs 73,630 cr in market capitalisation; HUL, ICICI Bank among biggest drag

This Android malware switches off Wi-Fi and drain mobile wallet

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

Electricity distribution companies' outstanding dues to power producers rise 4% to Rs 1.32 lakh cr in June - know details here

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV