Amid neutral domestic institutional investors (DIIs) and futures and options (F&O), negative foreign institutional investors (FIIs) and global market cues, the short-term trend of the domestic Indian markets will be neutral on Tuesday, September 17, 2019, while the sentiments will be cautious.

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Domestic stock markets earlier on Monday, September 16, 2019, declined following a surge in global crude prices after Saudi Arabia’s oil facilities were attacked. The barometer, BSE Sensex, declined 261.68 points or 0.70% to close at 37,123.31. The Nifty at the National Stock Exchange also fell 72.40 points or 0.65% to settle at 11,003.50. Bank Nifty was down by 243.75 points or 0.87% and closed at 27,855.00.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 17:

11,000 and 27,800 are going to be the deciding levels on Nifty and Bank Nifty, respectively.
Day support zone on the two indices, Nifty and Bank Nifty, lies between 10,925-10,950 and 27,700-27,800.
Below these levels, very strong support will be at Nifty 10,850-10,875 and Bank Nifty 27,500-27,600.
Higher range on Nifty 11,050-11,075 and Bank Nifty 28,000-28,150.
Markets very strong if Nifty trade above 11,100 and Bank Nifty above 28,150.

For Existing Long Positions:
Nifty intraday and closing stop loss 10,925.
Bank Nifty intraday and closing stop loss 27,700.

For Existing Short Positions:
Nifty intraday and closing stop loss 11,100.
Bank Nifty intraday and closing stop loss 28,150.

For New Positions:
Buy Nifty in 10,925-10,950 range with a stop loss of 10,875 and target 11,000, 11,025, 11,050.
Sell Nifty in 11,050-11,075 range with a stop loss of 11,100 and target 11,000, 10,975, 10,950.
Buy Bank Nifty with a stop loss of 27,500 and target 27,950, 28,050, 28,100.
Sell Bank Nifty in 28,050-28,100 range with a stop loss of 28,200 and target 27,950, 27,850, 27,800.

The put-call ratio (PCR) is at 1.17 and the volatility index (VIX) is 14.95.

Sectors:
Positive: Cement. Buy on dips.
No stock in F&O Ban

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