The Indian market on June 15, 2018, Friday, settled in a positive territory as S&P BSE SENSEX closed up by 22.32 points (.06%) high at 35,622.14 and the Nifty 50 was up by 9.65 points (0.09%) high at 10,817.70. On the other hand, NiftyBank was down by 144.85 points (0.55%) to close at 26,417.40.

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However, the positive trend from domestic institutional investors (DIIs), foreign institutional investors (FII), neutral Futures and Options (F&O) and negative global outlook hints that the short term trend of the Indian market will remain positive today. 

Trders are advised to trade cautiously in Monday's trade. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for June 18:

10,800 and 26,350 are going to be deciding points in Nifty and BankNifty respectively. 

In case of Nifty, 10,750 to 10,850 will be the small trading range for the day, while 10,700-10,900 will be acting as the bigger range for trade. 

In case of BankNifty, 26,250-26,600  is going to be the trading range for traders. 

The next support zones on Nifty and BankNifty today stands at 10,700-10,725 and 26,250-26,350 respectively. 

The profit-booking level for investors is going to stand at 10,850-10,875 on Nifty and 26,600-26,650 on BankNifty. 

The mark of 10,775 in Nifty and 26,350 in BankNifty is going to be critical and any fall from here should be treated as a negative sign for the market. 

Anil Singhvi suggests that traders should reduce their buying positions on Nifty and BankNifty if they close below the mark of 10,800 and 26,350 respectively. He added, the traders should end their positions if Nifty and BankNifty close below 10,700 and 26,150. 

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Buy and Sell strategy on Nifty

The traders are advised to sell Nifty with a stop loss of 10,850 and target of 10,765-10,750-10,725. 

Buy Nifty near 10,725 with a stop loss of 10,700 and target of 10,750-10,775. 

Buy and Sell strategy on BankNifty

Sell BankNifty with a stop loss of 26,600 and a target of 26,350-26,250. 

Buy BankNifty near 26,250 with a stop loss of 26,150 and a target of 26,350-26,500. 

The put-call ratio (PCR) for June 18 stands at 1.57 and volatility index (VIX) is 12.07. 

Entery in F&O Ban: Nil

Out of Ban: Balrampur Chini

Already in Ban: Dewan Housing Finance Corporation Limited (DHFL), Jet Airways and Just Dial

Pharma and Metals are set to be negative today and investors are advised not to get involved in the positional trade in these sectors. 

Stock of the Day: Short Dr Reddy's