The benchmark domestic markets snapped the six-day losing streak on September 6, 2018, and closed in green. The S&P BSE Sensex closed at 38,242.81 after gaining 224.50 points or 0.59 per cent, while the Nifty 50 settled at 11,536.90 by going up by 59.95 points or 0.52 per cent. 

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Similarly, Nifty Bank also gained 92.65 points or 0.34 per cent to close at 27,468.70.  

However, positive domestic institutional investors (DIIs), neutral global outlook, future and options (F&O), negative foreign institutional investors (FII) and cautious sentiments suggest that the short-term trend of Indian market will be negative on September 7, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for September 7: 
Markets to trade with volatility due to weak Rupee but fall in crude.
11,500 and 27,500 are going to be the deciding level on Nifty and BankNifty. 
The small trading range on Nifty stands between 11,475-11,575 and the bigger range lies at 11,425-11,600. 
In the case of BankNifty, the small and bigger trading ranges lie between 27,250-27,550 and 27,150-27,700 respectively. 
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 11,425 and target of 11,575-11,600-11,650.  
Sell Nifty above 11,600 with a stop loss of 11,650 and target of 11,550. 

Sell and Buy Strategy on BankNifty
Buy BankNifty with a stop loss of 27,250 and a target of 27,600-27,700.
Sell BankNifty near 27,700 with a stop loss of 27,800 and target 27,600-27,500.
 
The put-call ratio (PCR) today stands at 1.40 and the volatility index (VIX) is 13.72.

Sectors:
Positive: Auto, Oil & Gas

Watch this Zee Business video here:

 
Stock of the Day:
Buy Bajaj Auto Futures: Stop loss 2750 and target 2820, 2845.
Permits are not required E Vehicles

Sell Sun Pharma Futures: Stop loss 680 and target 655, 645, 630.