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
Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall
Mid-cap Stock Picks With Anil Singhvi: Expert Sacchitanand Uttekar suggests these three fabulous stocks to make great gains Mid-cap Stock Picks With Anil Singhvi: Expert Sacchitanand Uttekar suggests these three fabulous stocks to make great gains
Exclusive: DCI to sign 18 MoUs worth Rs 14,000 cr, CMD Rajesh Tripathi tells Anil Singhvi; validates Zee Business’ BIG BREAKING report Exclusive: DCI to sign 18 MoUs worth Rs 14,000 cr, CMD Rajesh Tripathi tells Anil Singhvi; validates Zee Business’ BIG BREAKING report
In Chat with Anil Singhvi, Affle India MD says company has improved margin on quarter-on quarter basis, justifies dilution of stake in company In Chat with Anil Singhvi, Affle India MD says company has improved margin on quarter-on quarter basis, justifies dilution of stake in company
In chat with Anil Singhvi, analyst Vikas Sethi picks EIL, Ramco Cements as top buys for bumper gains In chat with Anil Singhvi, analyst Vikas Sethi picks EIL, Ramco Cements as top buys for bumper gains

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

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.