Anil Singhvi’s Strategy November 26: Market Trend & Sentiment are Positive; Buy BEL Futures with Stop Loss 105.50
Amid positive global market, foreign institutional investor (FII), sentiment and neutral domestic institutional investor (DII) and futures & options (F&O) cues, the short-term trend of Indian share market will be positive on Tuesday, November 26, 2019.
Amid positive global market, foreign institutional investor (FII), sentiment and neutral domestic institutional investor (DII) and futures & options (F&O) cues, the short-term trend of Indian share market will be positive on Tuesday, November 26, 2019.
The domestic stock markets closed in the green on Monday, November 25, 2019, as the foreign investors continued to remain bullish on India as expectations around a fresh government stimulus gained momentum amid slowing economic growth. The gain was also supported by the hopes of progress in the US-China trade talks as the US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year. On the day, the Sensex at the Bombay Stock Exchange zoomed 529.82 points, or 1.31 per cent, to end at an all-time high of 40,889.23. The Nifty at the National Stock Exchange also spurted 159.35 points, or 1.34 per cent, to close at 12,073.75, while Bank Nifty was up by 444.30 points, or 1.43 per cent, and settled at 31,555.90.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 26:
Strong buy zone on Nifty is 11,950-12,000 and on the Bank Nifty is 31,200-31,350.
The small day range for trading on Nifty 12,025-12,100 while medium and bigger ranges lie between 12,000-12,150 and 11,950-12,200 respectively.
The small day range for trading on Bank Nifty 31,450-31,650 while medium and bigger ranges lie between 31,350-31,750 and 31,200-31,950 respectively.
The put-call ratio (PCR) 1.71 reached higher levels.
For Existing Long Positions:
Nifty intraday and closing stop loss 11,940
BankNifty intraday and closing stop loss 31,200.
For Existing Short Positions:
Nifty intraday and closing stop loss 12,110.
BankNifty intraday and closing stop loss 31,800.
Watch Zee Business Live TV below
For New Positions:
Buy Nifty with stop loss 11,940 and target 12,100, 12,150, 12,200.
Sell Nifty in 12,150-12,200 range with stop loss 12,250 and target 12,100, 12,075.
Buy Bank Nifty with stop loss 31,200 and target 31,650, 31,750, 31,950.
Sell Bank Nifty in 31,750-31,800 range for aggressive sellers with the strict stop loss of 31,850 and target 31,550, 31,450, 31,350.
No stock in F&O Ban
Stock of the Day:
Buy BEL Futures: Stop loss 105.50 and target 110, 112, 115. BEL holds huge land bank just like BEML which moved big yesterday.
09:07 AM IST