Anil Singhvi’s Strategy October 18: Day support zone on Nifty is 18,300-18,350 & Bank Nifty is 38,900-39,000
Amid positive global markets, foreign institutional investors (FIIs), sentiment, neutral future & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Monday, October 18, 2021.
Amid positive global markets, foreign institutional investors (FIIs), sentiment, neutral future & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Monday, October 18, 2021.
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Benchmarks indices extended their winning run to the sixth consecutive trading session and ended with strong gains on Thursday, October 14, 2021. The benchmark BSE Sensex breached the 61,000-mark milestone for the first time, while the Nifty 50 index surpassed 18,300.
The S&P BSE Sensex rallied 568.90 points or 0.94 per cent to 61,305.95. The Nifty 50 index added 176.80 points or 0.97 per cent to 18,338.55. The Nifty Bank climbed 705.15 points, or 1.83 per cent to settle at 39,340.90. In the broader markets, the BSE MidCap index closed 0.54 per cent higher while the BSE SmallCap index added 0.46 per cent.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for October 18:
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 18,450-18,525, Above that 18,575-18,650 is a strong Profit booking zone.
Day support zone on Bank Nifty is 38,900-39,000, Below that 38,675-38,775 is a strong Buy zone.
Day higher zone on Bank Nifty is 39,500-39,650, Above that 39,800-39,950 is a strong Profit booking zone.
The small day range for trading on Nifty is 18,350-18,500, while the medium and bigger day ranges are 18,250-18,575 and 18,200-18,650, respectively.
The small day range for trading on Bank Nifty is 39,000-39,650, while the medium and bigger day ranges are 38,775-39,800 and 38,675-39,950, respectively.
FIIs Index long increased to 67% Vs 63%.
PCR at 1.53 Vs 1.49.
India VIX down 2% at 15.77.
For Existing Long Positions:
Nifty Intraday stop loss is 18,250 and Closing stop loss is 18,150.
BankNifty Intraday and Closing stop loss are 39,000.
For Existing Short Positions:
Nifty Intraday and Closing stop loss are 18350.
BankNifty Intraday and Closing stop loss are 39,500.
For New Positions:
Buy Nifty with a stop loss of 18,250 and target 18,450, 18,500, 18,550, 18,600, 18,650.
For New Positions:
Buy Bank Nifty with a stop loss of 39,000 and target 39,500, 39,575, 39,650, 39,725, 39,800, 39,900.
Sell Bank Nifty in 39,850-40,000 range with a stop loss of 40,100 and target 39,750, 39,600, 39,500, 39,400.
F&O Ban Update:
New In Ban: IRCTC
3 Out Of Ban: NALCO, PNB, SAIL
4 Already In Ban: Bank of Baroda, BHEL, Indiabulls Housing, Sun Tv
Stock Of The Day:
Buy Indiabulls Real Estate: Stop loss 160 and target 175, 180, 185. Strong Results and change in management.
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08:57 AM IST