Amid positive global markets, domestic institutional investors (DIIs), sentiment, negative foreign institutional investors (FIIs) and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, June 15, 2021. 

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Domestic equity benchmarks ended a roller-coaster session with minor gains on Monday, June 14, 2021. The Sensex closed above the 52,500-mark while the Nifty settled above the 15,800 level. The S&P BSE Sensex added 76.77 points or 0.15 per cent to close at 52,551.53. The Nifty 50 index advanced 12.50 points or 0.08 per cent to settle at 15,811.85. However, the Bank Nifty index fell 96.80 points or 0.28 per cent to end at 34,950.60. 

The broader market at BSE logged losses underperforming the Sensex. The Mid-Cap index declined 0.68 per cent and the Small-Cap index lost 0.16 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for June 15: 

Day support zone on Nifty is 15,700-15,750, below that 15,600-15,650 is a strong Buy zone.

Day higher zone on Nifty is 15,875-15,900, above that 15,950-16,000 is Profit-booking zone.

 

Day support zone on Bank Nifty is 34,750-34,800, below that 34,400-34,650 is a strong Buy zone.

Day higher zone on Bank Nifty is 35,150-35,300, above that 35,375-35,550 is strong Sell zone. 

 

Small Day Range for trading on Nifty is 15,750-15,875, while the medium and bigger ranges are 15,700-15,900 and 15,625-15,975, respectively.

Small Day Range for trading on Bank Nifty is 34,750-35,150, while the medium and bigger ranges are 34,650-35,300 and 34,400-35,450, respectively. 

 

FIIs Index long at 75% Vs 83%

PCR at 1.42 Vs 1.35

India VIX up by 4% at 14.72

 

For Existing Long Positions:

Nifty intraday stop loss is 15,675 and closing stop loss is 15,575.

BankNifty intraday and closing stop loss are 34650

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,850.

BankNifty intraday stop loss is 35,200 and closing stop loss is 35,500. 

For New Positions:

Buy Nifty with a stop loss of 15,675 and target 15,835, 15,875, 15,900, 15,950, 15,975.

Sell Nifty in 15950-16000 range with a stop loss of 16,050 and target 15,900, 15,850, 15,800.

For New Positions:

Buy Bank Nifty in 34,650-34,800 range with a stop loss of 34,375 and target 34,900, 34,975, 35,050, 35,150, 35,300.

Aggressive Traders Buy Bank Nifty wth a Strict stop loss of 34,650 and target 35,050, 35,150, 35,300, 35,375, 35,450.

Sell Bank Nifty in 35,300-35,450 range with a stop loss of 35,550 and target 35,200, 35,075, 34,950, 34,900, 34,800.

F&O Ban Update:

New in Ban: PNB

Out of Ban: BHEL

4 Already In Ban: Sun TV, Nalco, Canara Bk, Indiabulls Housing Finance