ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Anil Singhvi’s Strategy May 7: Metal and Bank sectors are Positive; Buy ITC Futures with Stop Loss 302

Amid neutral global outlook, Futures and Options (F&O), Domestic Institutional Investors (DIIs) and negative foreign institutional investors (FII) cue, the short-term trend of the Indian market will remain neutral on Tuesday, May 7, 2019, and sentiment is cautious. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anil Singhvi’s Strategy May 7: Metal and Bank sectors are Positive; Buy ITC Futures with Stop Loss 302
The Sensex at the Bombay Stock Exchange declined 362.92 points (0.93 per cent) to close at 38,600.34. Image source: Anil Singhvi Twitter handle

Amid neutral global outlook, Futures and Options (F&O), Domestic Institutional Investors (DIIs) and negative foreign institutional investors (FII) cue, the short-term trend of the Indian market will remain neutral on Tuesday, May 7, 2019, and sentiment is cautious. 

Earlier, the domestic stocks on Monday, May 6, 2019, cracked around one per cent in line with global sell-offs, amid renewed fears that trade negotiations between the US and China are on the verge of collapse. The Sensex at the Bombay Stock Exchange declined 362.92 points (0.93 per cent) to close at 38,600.34. The Nifty 50 at the National Stock fell 114 points (0.97 per cent) to settle at 11,598.25. The Bank Nifty crawled down 335.70 points, 1.12 per cent, and closed at 29,618.45.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for May 7:

11,600 and 29,650 are the deciding levels on Nifty and Bank Nifty respectively.

The small and medium day range for trading on Nifty lies between Nifty 11,600-11,650 and 11,575-11,700. The bigger range stands at 11,525-11,750.

The small and medium day range for trading on Bank Nifty lies between Nifty 29,550-29,750 and 29,450-29,925.

Strong support zone on the two indices, Nifty and Bank Nifty, lies between 11,525-11,575 and 29,450-29,550.

VIX up by 10 per cent at 26.434, volatility will increase.  

For Existing Long Positions:

Nifty and Bank Nifty intraday and Closing all stop loss triggered.

For Existing Short Positions:

Nifty Intraday and Closing stop loss 11,725.

Bank Nifty Intraday stop loss 30,150 and Closing stop loss 30,050.

For New Positions:

Buy Nifty with a stop loss of 11,575 and target 11,650, 11,700, 11,725.

Sell Nifty in 11,700-11,750 range with a stop loss of 11,800 and target 11,650, 11,600.

Buy Bank Nifty with a stop loss of 29,450 and target 29,750, 29,850, 29,925.

Sell Bank Nifty in 29,900-30,000 range with a stop loss of 30,050 and target 29,800, 29,750.

The put-call ratio (PCR) stands at 1.30 and the volatility index (VIX) is 26.43.

In F&O Ban: Jet Airways

Sectors:

Positive: Recovery in Metals and Banks

Result Analysis:

ICICI Futures: Results in line, buy on dips. Stock to trade in the 385-415 range.

 Stock of the Day:

Buy Marico Futures: Stop loss 335 and target 350, 355. 8 per cent volume growth and operationally good results.  

Aaj Ka Hero:

Buy ITC Futures: Stop loss 302 and target 310, 315. Strong volume growth in cigarette business expected.

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, May 07, 2019
08:19 am
ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi strategy May 30: Important levels to track in Nifty, Nifty Bank today Anil Singhvi strategy May 30: Important levels to track in Nifty, Nifty Bank today
Anil Singhvi strategy May 29: Important levels to track in Nifty, Nifty Bank today Anil Singhvi strategy May 29: Important levels to track in Nifty, Nifty Bank today
Anil Singhvi strategy May 26: Important levels to track in Nifty, Nifty Bank on first day of June F&O series Anil Singhvi strategy May 26: Important levels to track in Nifty, Nifty Bank on first day of June F&O series
Anil Singhvi strategy May 25: Important levels to track in Nifty 50, Nifty Bank today Anil Singhvi strategy May 25: Important levels to track in Nifty 50, Nifty Bank today
Anil Singhvi strategy May 24: Key levels to track in Nifty 50, Nifty Bank today Anil Singhvi strategy May 24: Key levels to track in Nifty 50, Nifty Bank today

LATEST NEWS

Nirjala Ekadashi May 2023: Know date, time, significance, rituals and other details

This Rekha Jhunjhunwala-backed Tata group company stock hits new 52-week high – what should you do?

Gold futures jump to Rs 59,437, silver futures also rise

IRCTC shares fall after Indian Railways ticketing arm stages mixed Q4 performance, announces dividend

RBI Annual Report 2022-23: Domestic economic activity faces challenges from uninspiring global outlook; real GDP growth for FY24 seen at 6.5%

8 killed, 20 injured as bus falls off bridge in Jammu

IPL 2023 Season Records: Most sixes, most 200+ totals, most 50s, most centuries, most 200+ run chases, and other prominent records 

JioCinema breaks world record with over 3.2 cr viewers during IPL final

World No Tobacco Day 2023: Date, theme, motivational quotes to share and other details

IPL 2023 Winner List 2023: CSK become champions of TATA IPL 16 - Check who won Orange Cap, Purple Cap, Fairplay, and other awards

  • 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
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV