Amid positive domestic institutional investor (DII), neutral foreign institutional investor (FII), futures & options (F&O) and negative global market cues, the short-term trend of the Indian share market will be Positive on Tuesday, December 3, 2019, while sentiment is cautious. 

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Earlier on Monday, December 2, 2019, domestic stocks closed almost flat even as cues from global markets were positive. Weak economic data and subdued auto sales numbers impacted sentiment. Investors were cautious ahead of the central bank's monetary policy meeting on Thursday, 5 December 2019.

The Sensex at the Bombay Stock Exchange settled 8.36 points up, or 0.02 per cent, at 40,802.17. The Nifty 50 at the National Stock Exchange also closed 7.85 points down, or 0.07 per cent, at 12,048.20 and Bank Nifty lost 74.65 points, or 0.243 per cent, to close at 31,871.45. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for December 3:

12,000 and 31,700 are going to be the deciding levels on Nifty and Bank Nifty respectively. 

Next support zone for trading on Nifty 11,950-12,000 and Bank Nifty is 31,450-31,550. 

The small day range for trading on Nifty 12,000-12,075 while the medium and bigger range lies between 11,950-12,100 and 11,900-12,150 respectively. 

The small day range for trading on Bank Nifty 31,700-31,900 while the medium and bigger range lies between 31,550-32,000 and 31,450-32,150 respectively.  

For Existing Long Positions:

Nifty intraday with a stop loss of 12,000. 

Bank Nifty intraday with a stop loss of 31,700.

For Existing Short Positions:

Nifty intraday with a stop loss of 12,150.

Bank Nifty intraday and closing stop loss 32,150. 

For New Positions:

Sell Nifty with a stop loss of 12,150 and target 12,000, 11,975, 11,950. 

Buy Nifty in 11,950-12,000 range with a stop loss of 11,900 and target 12,075, 12,100, 12,125. 

Sell Bank Nifty with a stop loss of 32,050 and target 31,750, 31,550, 31,450. 

Buy Bank Nifty in 31,450-13,550 range with a stop loss of 31,350 and target 31,700, 31,875, 31,950. 

The put-call ratio (PCR) is 1.44 and the volatility index (VIX) is 14.20.

Sectors:

Positive: Pharma

Negative: Banks, NBFC

No stock in F&O Ban

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Buy Biocon Futures: Stop loss 284 and target 292, 295. Launched a Cancer drug with Mylan in the US. It is a big positive.