Anil Singhvi's Market Strategy September 14: Market trend is negative; PSU, Aluminium, FMCG, Banks, Pharma are positive
The benchmark domestic stocks on Wednesday, September 12, 2018, witnessed gains after losing more than two per cent in the last two sessions. Amid mixed global share markets, the S&P BSE Sensex gained 0.81 per cent or 304.83 points to 37,717.96.
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Top 5 stocks in focus on September 14: Godrej Agrovet, RCF to Vedanta, here are the 5 newsmakers of the day The benchmark domestic stocks on Wednesday, September 12, 2018, witnessed gains after losing more than two per cent in the last two sessions. Amid mixed global share markets, the S&P BSE Sensex gained 0.81 per cent or 304.83 points to 37,717.96. The Nifty 50 the National Stock Exchange also climbed 0.73 per cent or 82.40 pints to 11,369.90. In secondary indices at BSE, Mid Cap added 0.52 per cent while Small Cap index fell 0.27 per cent.
Amid positive domestic institutional investors (DIIs), sentiments, global outlook, neutral future and option (F&O) and negative foreign institutional investors (FII) cues, the short term trend of the Indian stock markets are going to be negative on September 14, 2018.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 14:
Strong global markets, recovery In Rupee, falling crude and government meeting to lead the recovery in markets
Trade with Buy on Dips Strategy.
11,400 and 26,800 are going to be the deciding level on Nifty and BankNifty.
The small trading range on Nifty lies at 11,350-11,475 and the bigger range stands between 11,300-11,500.
In the case of BankNifty, the small trading range stands between 26,750-27,000 and the bigger range lies at 26,550-27,200.
The market will strengthen if Nifty and BankNifty close above the mark of 11,500 and 27,200 respectively.
Buy strategy on Nifty & BankNifty
Buy Nifty with a stop loss of 11,350 and target of 11,435-11,475-11,500.
Buy BankNifty with a stop loss of 26,750 and target of 27,000- 27,125-27,200.
The put-call ratio (PCR) stands at 1.29 and the volatility index (VIX) is 14.25.
Watch this Zee Business video here:
Sectors:
Positive: PSU, Aluminium, FMCG, Banks, Pharma
In F&O Ban: Adani Ent
Stock of the Day:
BUY RCF: Stop loss 68 and target of 74, 77, 80
Cabinet approves the transfer of Mumbai Land to MMRDA.
Buy Jain Irrigation Futures: Stop loss 85 and target of 88, 92
US Subsidiary acquired a company in the USA.
