Anil Singhvi's Market Strategy September 6: Cement, Real Estate, Infra, Consumption are positive

The benchmark domestic indices on Wednesday declined amid negative global markets. Worldwide, all major share markets fell amid continued pressure on currencies of many emerging countries.

On the day, the S&P BSE Sensex lost 0.37 per cent or 139.61 points to 38,018.31. The Nifty 50 at the National Stock Exchange was also down 0.38 per cent or 43.35 points to 11,476.95. In secondary indices at BSE, Mid Cap fell 0.61 per cent and Small Cap slipped 0.52 per cent. 

However, positive domestic institutional investors (DIIs), neutral global outlook, future and options (F&O) and negative foreign institutional investors (FII) cues suggest that the short-term of the Indian market will remain negative on September 6, 2018. Traders are advised to be cautious while trading in the market today.  

Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 6: 
Recovery possible due to Stable Global markets, Rupee and crude. 
PCR 1.37, Long positions lighter now, fresh shorts created, may lead to short covering
11,500 and 27,400 are going to be the deciding level on Nifty and BankNifty. 
Small and bigger trading range on Nifty and BankNifty lies between 11,450-11,550 and 11,400-11,650 respectively. 
In the case of BankNifty, the small trading range lies between 27,200-27,500 and the bigger range resides at 27,100-27,750.  
Traders can increase their buying positions on Nifty and BankNifty if they close above the mark of  11,600 and 27,800 respectively.  
 
Sell and Buy Strategy on Nifty
Buy Nifty with a stop loss of 11,390 and a target of 11,550-11,575-11,600.
Sell Nifty above 11,600 with a stop loss of 11,650 and a target of 11,550. 
 
Sell and Buy Strategy on BankNifty
Buy BankNifty with a stop loss of 27,150 and a target of 27,500-27,650-27,750. 
Sell BankNifty above 27,700 with a stop loss of 27,800 and a target of 27,650-27,500. 

The put-call ratio (PCR) today stands at 1.37 and the volatility index (VIX) is 13.78.
 
Sectors:
Positive: Cement, Real Estate, Infra, Consumption
Out of F&O Ban: Adani Ent

Watch this Zee Business video here:

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