Amid negative global markets, domestic institutional investors (DIIs), neutral foreign institutional investors (FIIs), futures & options (F&O) and positive sentiment cues, the short-term trend of the Indian stock markets will be positive on Friday, November 13, 2020.   

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Equity benchmarks on Thursday, November 12, 2020, snapped winning rally of eight straight sessions and closed with losses of around half a per cent. The key domestic indices fell amid negative global cues. The Sensex declined 236.48 points or 0.54 per cent to settle at 43,357.19. The NSE Nifty-50 index also slipped 58.35 points or 0.46 per cent to settle at 12,691. The Bank Nifty lost 566.20 points or 1.96 per cent to settle at 28,278.80.

On the other hand, the broader market at BSE surged, outperforming the Sensex. The BSE Mid-Cap index rose half a per cent and the BSE Small-Cap index jumped 1.2 per cent up.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for November 13: 
Day support zone on Nifty is 12,575-12,625, below that 12,450-12,500 is Strong Buy zone.
Day higher zone on Nifty is 12,750-12,775, above that 12,850-12,875 is Profit Booking zone.

Day support zone on Bank Nifty is 27,900-28,075, below that 27,300-27,550 is Strong Buy zone.
Day higher zone on Bank Nifty is 28,600-28,850, above that 29,050-29,175 is Profit Booking zone.

The Small Day Range for trading on Nifty is 12,625-12,750, while the medium and bigger ranges are 12,575-12,775 and 12,475-12,875, respectively.
The Small Day Range for trading on Bank Nifty is 28,075-28,650, while the medium and bigger ranges are 27,900-28,850 and 27,550-29,050, respectively.

FIIs Net Index long decreased at 69% Vs 75%
Put-Call Ratio (PCR) at 1.56 Vs 1.66, India VIX down by 6% at 20.62

For Existing Long Positions:
Nifty Intraday and closing stop loss are 12,625.
Bank Nifty Intraday and closing stop loss are 27,900.

For Existing Short Positions:
Nifty Intraday and closing stop loss are 12,800.
Bank Nifty Intraday and closing stop loss are 28,600.

For New Positions:
Buy Nifty in 12,575-12,625 range with a stop loss of 12,500 and target 12,675, 12,750, 12,775.
Sell Nifty in 12,750-12,800 range with a stop loss of 12,825 and target 12,700, 12,675, 12,625, 12,575.
Aggressive traders can sell Nifty with stop loss of 12,775 and target 12,625, 12,575, 12,525.
  
For New Positions:
Buy Bank Nifty in 27,550-27,600 range with a stop loss of 27,450 and target 27,800, 27,900, 28,050, 28,200. 
Sell Bank Nifty in 28,600-28,800 range with a stop loss of 29,050 and target 28,300, 28,200, 28,075, 27,925. 
Aggressive traders can sell with stop loss of 28,300 and target 28,075, 27,925, 27,600, 27,325.
 
See Zee Business Live TV Streaming Below:

8 Stocks in F&O Ban
6 Enters in Ban: Canara Bank, IB housing, LIC housing, SAIL, Sun TV, Tata Motors
2 Already in Ban: JSPL, BHEL