Anil Singhvis Strategy November 27: Market Trend & Sentiment is Positive; Buy ICICI Futures with Stop Loss 500
Amid positive global market, foreign institutional investor (FII), sentiment, neutral futures & options (F&O) and negative domestic institutional investor (DII) cues, the short-term trend of Indian share market will be positive on Wednesday, November 27, 2019.
Amid positive global market, foreign institutional investor (FII), sentiment, neutral futures & options (F&O) and negative domestic institutional investor (DII) cues, the short-term trend of Indian share market will be positive on Wednesday, November 27, 2019.
The benchmark indices earlier on November 26, 2019, failed to hold on the early gains and ended lower after hitting a record high. At the close, the Sensex at the Bombay Stock Exchange hit 41,000-mark for the first time, and rose to 41,120 at day's high, before settling 67.93 points, or 0.17 per cent, lower to end at 40,821.30. The Nifty at the National Stock Exchange shed 36.05 points, or 0.30 per cent, to close at 12,037.70. However, Bank Nifty rose 162.45 points, or 0.51 per cent, to settle at 31,718.35.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 27:
Strong buy zone on Nifty 11,950-12,000 and on Bank Nifty 31,200-31,350.
The small day range for trading on Nifty stands at 12,000-12,075, while the medium and bigger ranges lie between 11,950-12,125 and 11,900-12,200.
The small day range for trading on Bank Nifty stands at 31,550-31,850, while the medium and bigger ranges lie between 31,450-31,950 and 31,200-31,950.
For Existing Long Positions:
Nifty intraday and closing stop loss 11,940.
Bank Nifty intraday and closing stop loss 31,350.
For Existing Short Positions:
Nifty intraday and closing stop loss 12,150.
Bank Nifty intraday and closing stop loss 31,850.
For New Positions:
Buy Nifty with a stop loss of 11,940 and target 12,075,12,125, 12,175.
Sell Nifty in 12,125-12,175 range with a stop loss of 12,225 and target 12,075, 12,025, 12,000.
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Buy Bank Nifty in 31,450-31,550 range with a stop loss of 31,350 and target 31,650, 31,750, 31,850.
Sell Bank Nifty in 31,950-32,000 range with a stop loss of 32,050 and target 31,850, 31,750, 31,550.
Enters F&O Ban: Yes Bank
Stock of the Day:
Buy ICICI Futures: Stop loss 500 and target 517, 525. Morgan Stanley upgrades with a target of 775.
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