Amid positive global markets, foreign institutional investors (FIIs), sentiment, negative domestic institutional investors (DIIs) and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Wednesday, February 10, 2021. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Benchmark domestic stocks on Tuesday, February 9, 2021, fell marginally snapping six sessions rally of gains amid mixed global cues. Auto, metal and pharma shares witnessed profit selling. The Sensex fell 20 points, or 0.04 per cent, to 51,329. The NSE Nifty also slipped seven points, 0.04 per cent to trade at 15,109. However, the Bank Nifty rose 73 points, or 0.2 per cent, to close higher at 36.057.

See Zee Business Live TV Streaming Below:

The broader market at BSE fell in tandem with the main indices. The BSE mid-Cap index fell 0.18 per cent and the BSE Small-Cap index depreciated 0.26 per cent. 

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 10: 

Day support zone on Nifty is 15,025-15,075, below that 14,900-14,925 is strong Buy zone.  

Nifty 15200-15250 Day higher zone, above that 15300-15350 profit-booking zone 

Day support zone on Bank Nifty is 35,650-35,850, below that 35,350-35,550 is strong Buy zone. 

Higher zone on Bank Nifty is 36,450-36,600. 

The small day for trading on Nifty is 15,075-15,160, while the medium and stronger ranges are 15,025-15,200 and 15,000-15,250, respectively. 

The small day for trading on Bank Nifty is 35,650-36,450 and the medium day range is 35,550-36,600. 

FIIs increased Index long to 66% Vs 64% 

PCR comfortable at 1.38 Vs 1.52  

VIX up 1% at 24.27 

For Existing Long Positions: 

Nifty intraday and closing stoop loss are 15,000. 

Bank Nifty intraday stop loss is 35,850 and closing stop loss is 35,950. 

For Existing Short Positions: 

Nifty intraday and closing stoop loss are 15,200. 

Bank Nifty intraday stop loss is 36,625 and closing stop loss is 36,100. 

For New Positions: 

Buy Nifty in 15025-15075 range with a stop loss of 14,975 and target 15,115, 15,150, 15,200, 15,250. 

Aggressive traders Buy Nifty with Strict stop loss of 15,050 and target 15,160, 15,200, 15,250, 15,300, 15,350. 

Sell Nifty in 15250-15300 range with a stop loss of 15,350 and target 15,200, 15,160, 15,115, 15,075. 

For New Positions: 

Buy Bank Nifty in 35550-35650 range with a stop loss of 35,350 and target 35,850, 35,975, 36,050, 36,250, 36,450. 

Aggressive traders Buy Bank Nifty with Strict stop loss of 35,850 and target 36,250, 36,450, 36,600. 

Sell Bank Nifty in 36,450-36,600 range with a stop loss of 36,700 and target 36,300, 36,075, 36,000, 35,900. 

Total 2 stocks in F&O Ban: 

Out Of Ban: SAIL 

New In Ban: Nil 

Already In Ban: BHEL, SUN TV