Anil Singhvi's Market Strategy August 20: Capital Goods, NBFC, Oil & Gas are positive; Infosys Futures & L&T Futures are stocks of the day

The benchmark domestic share indices on Friday closed in green. The S&P BSE Sensex had closed higher by 0.75 per cent or 284.32 points at 37,947.88 while the Nifty 50 saw a rise of 0.75 per cent or 85.70 points and closed at 11,470.75. 

Similarly, BankNifty also went up by 1.09 per cent or 302 points to close higher at 28,128.55. In secondary indices at BSE, Mid Cap closed higher by 0.88 per cent while Small Cap also saw a rise of 0.94 per cent.

However, positive global,  future and options (F&O) sentiments and neutral domestic institutional investors (DIIs), and foreign institutional investors (FII) cues hint that the short-term trend of the Indian market will be positive on August 20, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for August 20: 
Nifty and BankNifty gave a fresh buy signal on Friday. 
11,425-11,550 is the trading range on Nifty while 11,400-11,600 is the bigger range to trade. 
28,050-28,200 is going to be the small trading range on BankNifty and the bigger range lies at 27,950-28,350. 
Traders are advised to reduce their positions if Nifty and BankNifty close below the mark of 11,350 and 27,800 respectively. However, they can start increasing their positions if the two indices close above the mark of 11,425 and 28,125. 

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Buying Strategy on Nifty
Buy Nifty with a stop loss of 11,425 and a target of 11,525-11,550. 

Buy and Sell Strategy on BankNifty
Buy BankNifty with a stop loss of 27,950 and a target of 28,200-28,325. 
Sell BankNifty above 28,300 with a stop loss of 28,400 with a target of 28,200-28,150. 

The put-call ratio (PCR) today stands at 1.66 and the volatility index (VIX) is 13.16. 

Sectors:
Positive: Capital Goods, NBFC, Oil & Gas
 
Enters F&O Ban: Raymonds
Out of F&O Ban: Nil
4 Already in Ban: Adani Enterprises, Adani Power, Jet Airways, Jain Irrigation
 
Stock of the Day:
Sell Infosys Futures: Stop loss 1430 and target 1385-1365-1350
Another top-level exit, big concerns again, valuations expensive.

Buy L&T Futures: Stop loss 1225 Target 1270- 1290- 1310
Unexpected Buyback is big positive, Valuations reasonable.