Anil Singhvi’s Strategy May 21: Market Trend & Sentiment are Positive; Buy Tata Motors Futures with Stop Loss 186
Positive foreign institutional investors (FII), sentiments and futures and options (F&O), neutral global market and negative Domestic Institutional Investors (DIIs), cues suggest that the short-term trend of the Indian market will be Positive on Tuesday, May 21, 2019.
Positive foreign institutional investors (FII), sentiments and futures and options (F&O), neutral global market and negative Domestic Institutional Investors (DIIs), cues suggest that the short-term trend of the Indian market will be Positive on Tuesday, May 21, 2019.
Earlier on Monday, May 20, 2019, traders and investors celebrated the exit poll results for the elections and pushed the market to all-time highs. Nifty registered its highest daily gain in the last 10years and closed up by 421.10 points, 3.69 per cent, at an all-time high of 11,828. Yesterday’s move was the second largest movement in the history of Nifty led by stocks like Adani Ports (10.99 per cent), Indiabulls Housing (10.62 per cent) and IndusInd Bank (8.77 per cent).
BSE Sensex rose by 1421.90 points, 3.75 per cent, to 39,352.67 and Bank Nifty went up by 1,309.55 points, 4.45 per cent, to settle at 30,759.70.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 21:
10,800 and 30,650 are going to be the deciding levels on Nifty and Bank Nifty.
The small and medium day range for trading on Nifty lies between 11,775-11,900 and 11,725-11,975.
The small and medium day range for trading on Bank Nifty lies between 30,650-30,850 and 30,500-31,000.
For Existing Long Positions:
Nifty intraday and Closing basis stop loss 11,725.
Bank Nifty intraday and Closing basis stop loss 30,500.
For New Positions:
Buy Nifty with a stop loss of 11,725 and target 11,860, 11,900, 11,975.
Sell Nifty near 11,975 with a stop loss of 12,025 and target 11,900.
Buy Bank Nifty with a stop loss of 30,500 and target 30,850, 31,000.
Put-Call Ratio (PCR) 1.29 volatility index (VIX) down by 15.70% at 23.67.
Enters F&O Ban: Reliance Capital
Already in Ban: Jet Airways.
Stock of the Day:
Sell UBL Futures: Stop loss 1380 and target 1325, 1310. Weak operational performance.
Aaj Ka Hero:
Buy Tata Motors Futures: Stop loss 186 and target 193, 195. Stable operational performance, No new negative in results.
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.
RECOMMENDED STORIES

'Bengaluru, absolute traffic hell...: City's congestion worsens as HSR Layout flyover shuts for metro work, netizens irked

Gratuity Calculation: What will be your gratuity on Rs 40,000 last-drawn basic salary and 5.2 years of service?

SBI 3-year FD vs SBI 5-year FD: Know which fixed deposit scheme can give you higher returns on Rs 2 lakh, Rs 4 lakh, Rs 6 lakh investments

8th Pay Commission: Can basic pension cross Rs 3 lakh mark in new pay commission? See calculations to know its possibility?

SBI 444-day FD vs Central Bank of India 444-day FD: Which can provide higher maturity on Rs 5,00,000, Rs 7,00,000 & Rs 10,00,000 deposits?

UPS vs NPS vs OPS: Last drawn basic pay Rs 100,000; pensionable service of 30 years; what can be your monthly pension in each?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 35,000, or Rs 50,000? Know what can be your total pension as per latest DR rates
08:33 AM IST