Positive foreign institutional investors (FII), sentiment, neutral futures & options (F&O) and global market and negative domestic institutional investors (DIIs) cues suggest that the short-term trend of the Indian stock market will be positive on Thursday, March 7, 2019.

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‪Earlier on Wednesday, March 6, 2019, the domestic sharemarket extended gains for the third straight session. On the day, Nifty 50 added 65.55 points (0.60%) to reclaim the 11,000 marks and settled at 11,053 while Nifty Bank was up by 71.60 points (0.26%) and closed at 27,625.65. Similarly, the S&P BSE Sensex gained 193.56 points (0.53%) to end at 36,636.10.

See Zee Business video below:

The gains were sustained by buying mainly in finance, energy and metal counters. Bharat Petroleum (up 2.84%), Bajaj Finance (up 2.63%), ICICI Bank (up 2.20%), Hindalco Industries (up 2.14%) and Vedanta (up 2.09%) were the top gainers of the day. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 7:
The small and medium trading range on Nifty lie between 11,000-11,075 and 10,950-11,100 respectively while the extreme range stands at 10,925-11,150. 
In the case of the Bank Nifty, the small and medium trading ranges lie between 27,500-27,700 and 27,400-27,800 while the extreme range stands at 27,200-27,900.
Put-call ratio (PCR) stands at 1.80. Be on an alert at this higher level. 
 
For Existing Long Positions:

Nifty Intraday stop loss (SL) 11,000 Closing stop loss 10925.
Bank Nifty Intraday stop loss 27,500 Closing stop loss 27,200.

For Existing short positions stop losses triggered.

For New Positions:
Buy Nifty near 11,000 with a stop loss of 10,925 and target 11,050, 11,075, 11,100. 
Sell Nifty in 11,075-11,125 range with a stop loss of 11,150 and target 11,000. 

Buy Bank Nifty in 27,400-27,500 range with a stop loss of 27,300 and target 27,650, 27,750. 
Sell Bank Nifty in 27,750-27,800 range with a stop loss of 27,900 and target 27,650, 27,550. 

The put-call ratio (PCR) stands at 1.80 and the volatility index (VIX) is 15.61.

Sectors:
Positive: Power, Oil & Gas
2 stocks in F&O Ban: Reliance Power, Wockhardt

Stock of the Day:
Buy India Glycol: Stop loss 295 and target 315, 325. Cabinet meeting today to boost Sugar sector, ethanol blending.

Sell Biocon Futures: Stop loss 631 and target 610, 590. Bengaluru unit gets 6 USFDA observations. 

Aaj Ka Hero:
Buy HPCL Cash: Stop loss 243 and target 255, 258. Strong rupee and stable crude prices to benefit.