Amid positive global markets, sentiment, neutral foreign institutional investors (FIIs), future & options (F&O) and negative domestic institutional investors (DIIs), cues, the short-term trend of the Indian stock markets will be positive on Tuesday, September 14, 2021. 

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Equity benchmarks ended a volatile trading session with modest losses on Monday, September 13, 2021. The S&P BSE Sensex was down 127.31 points or 0.22 per cent at 58,177.76. The Nifty 50 index was down 13.95 points or 0.08 per cent at 17,355.30. The Bank Nifty fell 211.40 points or 0.58 per cent to end at 36,471.80.

But the broader market outperformed the Sensex, with the BSE Midcap index inching up 0.32 per cent and the Smallcap index rising 0.80 per cent.    

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for September 14:

Reduce Long positions if Nifty closes below 17,300.

Book profit on every rise, fresh and big tezi only if Nifty crosses 17,500.

Day support zone on Nifty is 17,275-17,300, below that 17,200-17,250 is a strong Buy zone. 

Day higher zone on Nifty is 17,375-17,425, above that 17,475-17,525 is a Profit-booking zone. 

Day support zone on Bank Nifty is 36,325-36,425, below that 36,050-36,200 is a strong Buy zone.

Day higher zone on Bank Nifty is 36,675-36,775, above that 36,850-37,000 is a strong Sell zone. 

The small day range for trading on Nifty is 17,300-17,400, while the medium and bigger day ranges 17,275-17,425 and 17,200-17,475, respectively.

The small day range for trading on Bank Nifty is 36,325-36,675, while the medium and bigger day ranges 36,200-36,750 and 36,050-36,850, respectively. 

FIIs Index long at 61% Vs 63%. 

PCR at 1.33 Vs 1.45.

India VIX up by 1% at 14.03.

For Existing Long Positions:

Nifty Intraday stop loss is 17,250 and Closing stop loss is 17,300.

Bank Nifty Intraday and Closing stop loss are 36,300.

For Existing Short Positions:

Nifty Intraday and Closing stop loss are 17,500.

Bank Nifty Intraday stop loss is 37,000 and Closing stop loss is 36,850.

For New Positions:

Buy Nifty with a stop loss of 17,250 and target 17,400, 17,425, 17,475, 17,500.

Sell Nifty in 17,475-17,525 range with a stop loss is 17,550 and target 17,440, 17,400, 17,375, 17,350, 17,300.

For New Positions:

Buy Bank Nifty in 36,150-36,325 range with a stop loss of 36,000 and target 36,475, 36,550, 36,600, 36,675, 36,750.

Aggressive Traders Buy Bank Nifty with a strict stop loss of 36,300 and target 36,600, 36,675, 36,750, 36,850, 36,925, 37,000.

Sell Bank Nifty in 36,750-36,850 range with a stop loss of 37,000 and target 36,600, 36,550, 36,475, 36,425, 36,350.

F&O Ban Update:

3 Stocks Enters In Ban: Exide Ind, LIC Housing Fin, Canara Bank

Out Of Ban: IRCTC

2 Already In Ban: NALCO, Indiabulls Housing

Sansera Engineering IPO Preview: RISK TAKING INVESTORS APPLY FOR LONG TERM.

Positives:

Experienced and Professional Management

Decent track record of growth and Capex

Global leadership in its products

Diversification in Aerospace, Defence and Electric 2-wheeler

Good Anchor Book

Negatives:

Very low Promoter holding post IPO at 36.5%.

No fresh money for the company from IPO despite 250 Crore Capex and 550 Cr Debt.

Expensive Valuations compared to other listed peers.

AMI Organics Listing Preview: Expected to list in 750-800 range. Long Term Investors must HOLD. Short Term Investors keep a stop loss of 700 and keep trailing. 

Vijaya Diagnostic Listing Preview: Expected to list around issue price of 531. Long Term Investors can HOLD.