Anil Singhvi's Market Strategy December 3: Market is Positive; Metals, Aviation and Cement sector Positive

Indian markets ended mixed on November 30, 2018. The S&P BSE Sensex rose 23.98 points or 0.07% to close at 36,194.30 and Nifty 50 gained 18.05 points or 0.17% and closed at 10,876.75.

Anil Singhvi's Market Strategy December 3: Market is Positive; Metals, Aviation and Cement sector Positive
Traders are advised to close their buying positions if Nifty and Bank Nifty closes below the mark of 10,725 and 26,450.
Written By: ZeeBiz WebTeam
Updated: Mon, Dec 03, 2018
09:24 am
ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi’s Strategy January 24: Buy OMC on Dips; Sell PSU Banks on Rise Anil Singhvi’s Strategy January 24: Buy OMC on Dips; Sell PSU Banks on Rise
Anil Singhvi’s Strategy January 22: Market Trend is Neutral today; Buy Vedanta Futures with Stop Loss 152.50 Anil Singhvi’s Strategy January 22: Market Trend is Neutral today; Buy Vedanta Futures with Stop Loss 152.50
Anil Singhvi’s Strategy January 20: IT Sector is Negative; Sell TCS Futures with Stop Loss 2240 Anil Singhvi’s Strategy January 20: IT Sector is Negative; Sell TCS Futures with Stop Loss 2240
Government may miss the year's divestment target: Nilesh Shah, MD, Kotak Mutual Fund Government may miss the year's divestment target: Nilesh Shah, MD, Kotak Mutual Fund
Anil Singhvi’s Strategy January 17: NBFC, FMCG & Metals are Positive; Telecom sector is Negative Anil Singhvi’s Strategy January 17: NBFC, FMCG & Metals are Positive; Telecom sector is Negative

Indian markets ended mixed on November 30, 2018. The S&P BSE Sensex rose 23.98 points or 0.07% to close at 36,194.30 and Nifty 50 gained 18.05 points or 0.17% and closed at 10,876.75. But Nifty Bank index fell 76.65 points or 0.28% to close at 26,862.95. 

Amid positive sentiments, future and option (F&O), domestic institutional investors (DIIs), global market and neutral foreign institutional investors (FIIs) cues, the short-term trend of the Indian market will continue to be positive on December 3, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 3: 

Small and bigger trading range on Nifty lies between 10,925-11,000 and 10,875-11,050 while the extreme range stands at 10,850-11,100. 

Small and bigger trading range on Bank Nifty lies between 26,850-27,000  and 26,750-27,100 while the extreme range stands at 26,600-27,250. 

The intraday support range on the two indices, Nifty and Bank Nifty, resides at the mark of 10,875-10,900 and 26,750-26,850 respectively. 

Traders are advised to close their buying positions if Nifty and Bank Nifty closes below the mark of 10,725 and 26,450.

Buy strategy on Nifty and Bank Nifty
Buy Nifty with a stop loss of 10,900 and target of 11,000, 11,050, 11,100. 

Buy Bank Nifty with a stop loss of 26,750 and target 27,000, 27,100, 27,250. 

No stock in F&O ban

Sectors: 
Positive: Metals, Aviation, Cement buy on dips
The put-call ratio (PCR) stands at 1.70 and the volatility index (VIX) is 19.16.  

Stock of the Day
Sell Sun Pharma Futures: Stop loss 505 target 470, 460, 450. SEBI may reopen the insider trading case against promoters. 

Buy Tata Steel Futures: Stop loss 525 and target 545, 550. Peace on trade war for 90 days. 

Buy Hindalco Futures: Stop loss 223 and target 233, 237

Buy Vedanta Futures: Stop loss 188 and target 200, 204

Buy Jet Air Cash: Stop loss 295 and target 315, 325. ATF prices cut by 11%.

Buy Indigo Cash: Stop loss 1000 and target 1080

Buy MCX Futures: Stop loss 720 and target 745, 755. SEBI allows Commodity Exchanges to extend trading time

Buy NIIT Tech: Stop loss 1090 and target 1125, 1140