Anil Singhvi's Market Strategy September 25: Market Sentiments are Negative; Autoline Industries is stock of the day

In the stock market, the S&P BSE Sensex on Monday, September 24, 2018, closed down by 536.58 points or 1.46 per cent at 36,305.02 amid weak global cues following renewed uncertainty over US-China trade relations. During the intra-day trade, Sensex touched a low of 36,217 and high of 36,946 points. 

The Nifty 50 index also slipped 175.70 points or 1.58 per cent to close at 10,967.40. The Nifty closed below the mark of 11,000.

However, positive domestic institutional investors (DIIs), negative global outlook, foreign institutional investors (FII), sentiments and oversold future and option (F&O) suggests that the short-term trend of the Indian market will continue to be in a negative zone on September 25, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 25: 
Markets light and oversold, PCR 1.05 but volatility expected due to expiry week.

Crude, Rupee, Global markets to keep upside limited.

11,000 and 25,000 are going to be the deciding level on Nifty and BankNifty. 

The small trading range on Nifty stands at the mark of 10,950-11,000 and the bigger range lies between 10,875-11,125. 

The small and bigger trading range on BankNifty lies between 24,800-25,200 and 24,600-25,500 respectively. 

The next support zone on the two indices, Nifty and BankNifty lie at the mark of 10,850-10,950 and 24,800-25,000 respectively. 

Selling Zone on Nifty and BankNifty stands between 11,125-11,175 and 25,500-25,600 respectively. 

Traders can increase their buying positions on Nifty and BankNifty if they close above the mark of 11,250 and 26,600. 

Watch this Zee Business video here:

Buy and Sell Strategy on Nifty
Buy Nifty with a stop loss of 10,900 and target of 11,000-11,100-11,150. 

Sell Nifty in the range of 11,100-11,150 with a stop loss of 11,175 and target 11,100. 

Buy and Sell Strategy on BankNifty
Buy BankNifty with a stop loss of 24,900 and target of 25,200-25,500. 

Sell BankNifty near 25,500 with a stop loss of 25,600 and target of 25,400-25,200. 

The put-call ratio (PCR) stands at 1.05 and the volatility index (VIX) is 17.43. 

Enters F&O Ban: Nil

Out of Ban: Wockhardt

Already in Ban: Adani Enterprises, Adani Power

Stock of the Day:
Buy Autoline Industries Ltd with a stop loss of 64 and a target of 71, 73. Agreement with Poddar Housing to develop 102-acre land will have a positive impact on Autoline.