Amid positive global markets, sentiment, negative foreign institutional investors (FIIs), domestic institutional investors (DIIs) and neutral future & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, October 19, 2021. 

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The key barometers ended with strong gains on Monday, October 18, 2021. The gains were powered by metals, power and IT stocks. The S&P BSE Sensex jumped 459.64 points or 0.75 per cent to 61,765.59. The Nifty 50 index gained 138.50 points or 0.76 per cent at 18,477.05. Meanwhile, the Nifty rose to a record high of 18,543.15 and the Sensex hit an all-time high of 61,963.07 in afternoon trade yesterday.

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The Bank Nifty index rose 343.90 points or 0.87 per cent to settle at 39,684.80. In the broader market, the S&P BSE MidCap index advanced 0.95 per cent to end at 26,952.13, while S&P BSE SmallCap added 0.69 per cent to close at 30,100.80.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for October 19:

Day support zone on Nifty is 18,300-18,350, below that 18,200-18,250 is a strong Buy zone.

Day higher zone on Nifty is 18,525-18,575, above that 18,625-18,675 is a strong Profit booking zone.

Day support zone on Bank Nifty is 39,350-39,500, below that 38,800-39,000 is a strong Buy zone.

Day higher zone on Bank Nifty is 39,850-39,950, above that 40,100-40,250 is a strong Profit booking zone.

The small day range for trading on Nifty is 18,440-18,540, while the medium and bigger day ranges are 18,350-18,600 and 18,250-18,650, respectively.

The small day range for trading on Bank Nifty is 39,575-39,850, while the medium and bigger day ranges are 39,350-39,950 and 39,000-40,100, respectively.

FIIs Index long decreased to 66% Vs 67%.

PCR at 1.41 Vs 1.53.

India VIX up 9% at 17.19.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 18,300

Bank Nifty Intraday and Closing stop loss are 39,300

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,550.

Bank Nifty Intraday and Closing stop loss are 40,000.

For New Positions:

Buy Nifty in 18,300-18,350 range with a stop loss of 18,250 and target 18,400, 18,450, 18,475, 18,540.

Aggressive Traders Buy Nifty with a Strict stop loss of 18,300 and target 18,540, 18,575, 18,625, 18,675.

Aggressive Traders Sell Nifty only if sustains below 18,440 with a Strict stop loss of 18,550 and target 18,350, 18,300, 18,250, 18,200.

For New Positions:

Buy Bank Nifty in 39,350-39,400 range with a stop loss of 39,300 and target 39,550, 39,675, 39,850, 39,925.

Aggressive Traders Buy Bank Nifty with a Strict stop loss of 39,500 and target 39,850, 39,950, 40,100.

Aggressive Traders Sell Bank Nifty in 39,900-39,950 range with a Strict stop loss of 40,100 and target 39,700, 39,600, 39,500, 39,375.

F&O Ban Update:

3 New In Ban: Escorts, NALCO, Amara Raja

2 Out Of Ban: Bank of Baroda, IRCTC

4 Already In Ban: BHEL, Indiabulls Housing, Vodafone Idea, Sun Tv