Amid neutral global markets, domestic institutional investors (DIIs), futures and options (F&O) and foreign institutional investors (FIIs) cues, the short-term trend of the domestic Indian markets will be neutral on Friday, September 13, 2019, while the sentiments will be cautious.

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Earlier on Thursday, September 12, 2019, the domestic equity benchmarks, Sensex and Nifty, witnessed losses and ended with modest losses. The broader market was positive, buoyed by signs of de-escalation in the US-China trade war. Sensex at Bombay Stock Exchange fell 166.54 points or 0.45 per cent to close at 37,104.28. Nifty at National Stock Exchange also slipped 54.65 points or 0.50 per cent to settle at 10,981.05. On the other hand, Bank Nifty gained 13 points or 0.05 per cent and closed at 27,789.20.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 13:

11,000 and 27,750 are going to be the deciding level on Nifty and Bank Nifty respectively.

The strong day support zone on the two indices, Nifty and Bank Nifty, lies between 10,925-10,950 and 27,500-27,550.

Profit booking range on Nifty and Bank Nifty lie between 11,025-11,075 and 27,950-28,050.

The bigger range for the day for trading on Nifty and Bank Nifty lies between 10,850-11,125 and 27,250-28,200.

For Existing Long Positions:

Nifty intraday and closing stop loss 10,925.

Bank Nifty intraday and closing stop loss 27,500.

For Existing Short Positions:

Nifty intraday stop loss 11,100 and closing stop loss 11,050

Bank Nifty intraday stop loss 28,100 and closing stop loss 27,850

For New Positions:

Buy Nifty with a stop loss of 10,925 and target 11,025, 11,050, 11,075.

Sell Nifty in 11,050-11,075 range with a stop loss of 11,125 and target 11,000, 10,975.

Buy Bank Nifty with a stop loss of 27,500 and target 27,950, 28,050, 28,125.

Sell Bank Nifty in 27,950-28,050 range with a stop loss of 28,200 and target 27,850, 27,800.

The put-call ratio (PCR) is at 1.27 and the volatility index (VIX) is 14.90.

Sectors:

Positive: Metals, OMC

No stock in F&O Ban

Stock of the Day:

Buy Dr Reddy’s Cash: Stop loss 2745 and target 2800, 2820, 2840. Duvvada unit gets a clean chit from USFDA.

Aaj ka Hero:

Buy HPCL Cash: Stop loss 260 and target 268, 271, 274. Falling crude and stronger rupee to improve margins, attractive dividend yield.