Indian market on Wednesday, June 13, 2018, closed in green as investors and traders remained cautious ahead of the US Federal Reserve decision on interest rates. The US central bank raised interest rates late at night and the hike is an indication or reflection of the continued robust and rising inflation in the world's largest economy.  

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On Wednesday, i.e. June 13, 2018, the Indian market ended in green as S&P BSE Sensex closed 46.64 points (0.13%) higher at 35,739.16 and NIFTY 50 went up by 13.85 (0.13%) to close at 10,856.70. 

However, the positive Domestic Institutional Investors (DIIs) and Future and Options (F&O), neutral foreign institutional investors (FII) and negative global cues, hint that the short term trend of the Indian market is going to be positive today, June 14, 2018.

When it comes to sentiments, the traders are advised to remain cautious in the market on Thursday. US Federal Reserve decision will increase volatility in the market and there can be a contra trade situation, which will go against the market.  

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 14: 
10,850 and 26,600 are going to be deciding points in Nifty and BankNifty respectively. 
In case of Nifty, 10,800-10,900 is going to be the small trading range today, while 10,765-10,925 will be the bigger range for trade. 
When it comes to BankNifty, the small trade range stands at 26,500-26,750 and the bigger range will be between 26,350-26,900.
The next strong support zones in Nifty and BankNifty for June 14 stands at 10,750-10,775 and 26,350-26,450 respectively. 
10,900-10,925 and 26,900-26,950 are going to be the perfect profit booking zone at Nifty and BankNifty. 

Anil Singhvi suggests that traders reduce their buying positions on Nifty and BankNifty if they close below the mark of 10,750 and 26,450 respectively. 

Sell and Buy strategy on Nifty 
Sell Nifty with a stop loss of 10,900 and a target of 10,820-10,800
Buy Nifty near 10,800 with a stop loss of 10,765 and a target of 10,840-10,875.

Sell and Buy strategy on BankNifty 
Sell BankNifty with a stop loss of 26,775 and a target of 26,500-26,450.
Buy BankNifty below 26,500 with a stop loss of 26,400 and a target of 26,650-26,750.

The put-call ratio (PCR) for today stands at 1.62 and volatility index (VIX) is 13.63. 

Watch this Zee Business video here:

Enters F&O Ban: Nil

4 Already In Ban: Dewan Housing Finance Corporation Limited (DHFL), Balrampur Chini, Jet Air, Just Dial

Stock of the Day: IDBI Bank