Amid positive global markets, future & options (F&O), neutral domestic institutional investors (DIIs), negative foreign institutional investors (FIIs), and cautious sentiment, cues, the short-term trend of the Indian stock markets will be positive on Monday, October 25, 2021. 

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Indian equity markets ended lower for the fourth day in a row after opening on a firm note on Friday, October 22, 2021. The S&P BSE Sensex was down 101.88 points, or 0.17 per cent, to 60,821.62. The Nifty 50 index lost 63.20 points, or 0.35 per cent, to 18,114.90.

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The Nifty Bank index closed 293.45 points, or 0.73 per cent, higher at a fresh high of 40,323.65. In the broader market, the S&P BSE MidCap declined 0.97 per cent while S&P BSE SmallCap fell 0.97 per cent. 

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for October 25:

Trend to turn Neutral only if Nifty closes below 17,850-17,950 range.

Day support zone on Nifty is 17,950-18,050, Below that 17,800-17,875 is a strong Buy zone.

Day higher zone on Nifty is 18,250-18,300, Above that 18,350-18,375 is a strong Profit booking zone.

Day support zone on Bank Nifty is 40,050-40,150, Below that 39,700-39,800 is a strong Buy zone.

Day higher zone on Bank Nifty is 40,500-40,575, Above that 40,700-40,850 is a strong Profit booking zone.

The small day range for trading on Nifty is 18,050-18,250, while the medium and bigger day ranges are 17,950-18,350 and 17,850-18,375, respectively.

The small day range for trading on Bank Nifty is 40,150-40,575, while the medium and bigger day ranges are 40,050-40,700 and 39,800-40,850, respectively.

FIIs Index long decreased to 62% Vs 63%.

PCR oversold at 0.82 Vs 0.94, short covering expected from lower levels.

India VIX down 3% at 17.55.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 17,950.

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

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 18,400.

Bank Nifty Intraday and Closing stop loss are 40,600.

For New Positions:

Buy Nifty in 17950-18050 range with a Stop Loss of 17,800 and target 18,150, 18,200, 18,250, 18,325.

Aggressive Traders Buy Nifty with a Strict Stop Loss of 18,000 and target 18,250, 18,350, 18,375, 18,425, 18,475.

Sell Nifty in 18,350-18,400 range with a Stop Loss of 18,500 and target 18,275, 18,200, 18,175, 18,050.

Aggressive Traders Sell Nifty with a Strict Stop Loss of 18,400 and target 18,050, 18,000, 17,950, 17,850.

For New Positions:

Buy Bank Nifty in 40,050-40,200 range with a Stop Loss of 39,900 and target 40,325, 40,500, 40,575.

Aggressive Traders Buy Bank Nifty with a Strict Stop Loss of 40,000 and target 40,500, 40,575, 40,700, 40,775, 40,850.

Aggressive Traders Sell Bank Nifty in 40,500-40,575 range with a Strict Stop Loss of 40,650 and target 40,325, 40,200, 40,150, 40,050.

F&O Ban Update:

New In Ban: IB Housing, IEX

6 Out Of Ban: Sun Tv, NALCO, Tata Power, Amara Raja, L&T Finance Holding, IRCTC

4 Already In Ban: SAIL, PNB, Escorts, Vodafone Idea

Stock Of The Day:

Buy Bank Nifty Spot Levels: Stop loss 40,000 and target 40,500, 40,575, 40,650, 40,700, 40,775.