LIVE TV
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
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Anil Singhvi’s Strategy May 10: Market Sentiment in Cautious; Sell Asian Paints Futures with Stop Loss 1370

Amid positive DIIs, neutral global market, F&O and negative FII, the short-term trend of the Indian market will continue to remain negative, says Zee Business Managing Editor Anil Singhvi.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anil Singhvi’s Strategy May 10: Market Sentiment in Cautious; Sell Asian Paints Futures with Stop Loss 1370
Sell Voltas Futures for the target 535 and 525 maintaining a strict stop loss at 570, says Zee Business Managing Editor Anil Singhvi.
Written By: ZeeBiz WebTeam
Updated: Fri, May 10, 2019
08:34 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300 Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300
BSE Sensex plunges over 1500 points, Nifty over 426 points as global sell-off hits India BSE Sensex plunges over 1500 points, Nifty over 426 points as global sell-off hits India
Metal, Pharma stocks help Sensex and Nifty 50 end positive; Adani Ports and Asian paints gain most Metal, Pharma stocks help Sensex and Nifty 50 end positive; Adani Ports and Asian paints gain most
Adani Ports, Manali Petroleum, GM Breweries, HDFC to Tata Steel - here are top Buzzing Stocks today Adani Ports, Manali Petroleum, GM Breweries, HDFC to Tata Steel - here are top Buzzing Stocks today
1st Day of New Financial Year: How Metal, PSU Bank stocks help Sensex reclaim 50000-mark and Nifty 14800-level 1st Day of New Financial Year: How Metal, PSU Bank stocks help Sensex reclaim 50000-mark and Nifty 14800-level

Amid positive Domestic Institutional Investors (DIIs), neutral global market, Futures and Options (F&O), and negative foreign institutional investors (FII) cues, the short-term trend of the Indian market will continue to be negative on Friday, May 10, 2019, and sentiment is cautious.  

Continuing the declining trend for the seventh day, the domestic stock markets closed in a red on Thursday, May 9, 2019. On the day, BSE Sensex lost 230.22 points, 0.61%, to settle at 37,558.91. The Nifty 50 was down by 57.65 points, 0.51%, and closed at 11,301.80. Bank Nifty went down 109.80, 0.38%, to 28,884.60. Negative global stocks weighed on the sentiment amid concerns that the US and China would struggle to reach an agreement.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 10:
The small and medium day range for trading on Nifty lies between the mark of 11,250-11 and 11,200-11,400 respectively. 
The small and medium day range for trading on Bank Nifty lies between the mark of 28,775-29,025 and 28,500-29,300. 
Cover intraday short positions if Nifty trades above 11,360 and Bank Nifty above 29,050. 
The trend will remain weak with no buy signal till the two indices, Nifty and Bank Nifty, remains trading below 11,500 and 29,300 levels respectively. 

For Existing Long Positions:
Nifty intraday and Closing stop loss 11,250. 
Bank Nifty intraday and Closing stop loss 28,775. 

For Existing Short Positions:
Nifty Intraday stop loss 11,360 and Closing stop loss 11,500. 
Bank Nifty Intraday stop loss 29,050 and Closing stop loss 29,300. 

For New Positions:
Buy Nifty with a stop loss of 11,250 and target 11,350, 11,400. 
Sell Nifty near 11, 400 with a stop loss of 11,500 and target 11,350, 11,300. 

Buy Bank Nifty with a stop loss of 28,775 and target 29,000, 29,250. 
Sell Bank Nifty in 29,050-29,250 range with a stop loss of 29,300 and target 28,900, 28,800.

The put-call ratio (PCR) stands at 1.38 and the volatility index (VIX) is 25.48.
In F&O Ban: Jet Air

Results Analysis:
MGL Futures: Small disappointment but buy on dips. Good buy range is 895-905 with stop loss 880 and target 950. 

Stock of the Day:
Sell Voltas Futures: Stop loss 570 and target 535, 525. Worst operational results, poor margins at 7 per cent in line. 
Sell South Indian Futures: Stop loss 15.75 and target 14.75, 14.50. Poor asset quality, higher provisioning. 

Aaj Ka Hero:
Sell Asian Paints Futures: Stop loss 1370 and target 1335, 1325. Poor sales mix, Outlook for next 2 quarters weak. 

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:
SensexNiftyMarketsDALAL STREETAsian paintsVoltasBank Nifty
RELATED NEWS
Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300 Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300
BSE Sensex plunges over 1500 points, Nifty over 426 points as global sell-off hits India BSE Sensex plunges over 1500 points, Nifty over 426 points as global sell-off hits India
Metal, Pharma stocks help Sensex and Nifty 50 end positive; Adani Ports and Asian paints gain most Metal, Pharma stocks help Sensex and Nifty 50 end positive; Adani Ports and Asian paints gain most
Adani Ports, Manali Petroleum, GM Breweries, HDFC to Tata Steel - here are top Buzzing Stocks today Adani Ports, Manali Petroleum, GM Breweries, HDFC to Tata Steel - here are top Buzzing Stocks today
1st Day of New Financial Year: How Metal, PSU Bank stocks help Sensex reclaim 50000-mark and Nifty 14800-level 1st Day of New Financial Year: How Metal, PSU Bank stocks help Sensex reclaim 50000-mark and Nifty 14800-level

LATEST NEWS

Tamil Nadu Class 12 Board Exam 2021 Postponed: TN 12th practical exams to continue, Sunday lockdowns and night curfew from THIS DATE - check timings

Delhi Metro Commuters Alert: Gates of these stations to remain closed; Also check frequency of trains during peak hours and rest of the Day

Apex Legends Mobile: Officially announced; check Pre-Registration link, India availability, more details about the Apex Legends Mobile Launch NOW

PMKGP scheme: ALERT! COVID warriors' Insurance policy claims to be settled till April 24

Stocks in Focus on April 20: Pharma Stocks, ACC, ICICI Prudential, Tech Mahindra to Jubilant Foodworks; here are the 5 Newsmakers of the Day

Kerala SSLC HSC Exams Updates: Important news for candidates as covid shoot up - see all details here

Stocks to buy with Anil Singhvi: Indoco Remedies is Sandeep Jain's recommendation today - Here is why

JKBOSE 11th Result Declared: Check results for Kashmir Division on jkbose.ac.in Website - all details here

UPSC EPFO, Civil Services Interview examinations postponed amid surge in covid cases

ICSE ISC Board Exam CANCELLED 2021: Attention CISCE class 10 class 12 candidates! ICSE class 10 board exam CANCELLED, ISC class 12 board exam POSTPONED

  • 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
Copyright © Zee Media Corporation Ltd. All rights reserved