te Anil Singhvi’s Strategy November 4: Market Trend is Positive; Sell Yes Bank Futures with stop loss 68 | Zee Business

Anil Singhvi’s Strategy November 4: Market Trend is Positive; Sell Yes Bank Futures with stop loss 68

Strong Support zone on Nifty is 11800-11850 and Bank Nifty is 30050-30150.

Anil Singhvi’s Strategy November 4: Market Trend is Positive; Sell Yes Bank Futures with stop loss 68
Small day range on Nifty stands at 11850-11950 while the medium and bigger ranges lie between 11800-12000 and 11775-12050. Image source:

Amid Neutral domestic institutional investors (DIIs), positive sentiment and global markets, neutral futures and options (F&O) and positive foreign institutional investors (FIIs) cues, the short-term trend of Indian share market will be positive on Monday, November 4, 2019.

On Friday, S&P BSE Sensex surged 36 points to settle at 40,165 while NSE's Nifty50 index ended at 11,899.50, up 22 points or 0.19 per cent.  HDFC, Bharat Electronics, and Indian Overseas Bank, among 61 companies, will release their September quarter results today.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for November 4:

TRENDING NOW

Strong Support zone on Nifty is 11800-11850 and Bank Nifty is 30050-30150.

Higher Zone on Nifty 11,425-11,475 and Bank Nifty is 28,550-28,750.

The small day range on Nifty stands at 11850-11950 while the medium and bigger ranges lie between 11800-12000 and 11775-12050.

The small day range on Bank Nifty stands at 30150-30550 while the medium and bigger ranges lie between  30050-30750 and 29900-30950. 

For Existing Long Positions:

Nifty intraday and closing stop loss 11,800.

Bank Nifty intraday and closing stop loss 30,000. 

For Existing Short Positions:

Nifty intraday and closing stop loss 11,950.

Bank Nifty intraday and closing stop loss 30,425. 

For New Positions:

Buy Nifty with a stop loss of 11825 and target 11,925, 11,950, 12,000.

Sell Nifty in 12050 range  and target 11950, 11925, 11875.

Buy Bank Nifty with a stop loss of 30000 and target 30,550, 30,750, 30,950.

Sell Bank Nifty in 30,750-30800 range with a stop loss of  30,850 and target 30550, 30400. 

The put-call ratio (PCR) is  1.41 and the volatility index (VIX) is 15.73. 

Sectors:
Positive: Metals, PSU Banks

Result Analysis:

Sell Escorts Futures: Stop Loss at 664 and Target 640, 630

Stock of the Day:

Sell Yes Bank Futures: Stop loss 68 and target  62, 60, 57.

Aaj Ka Hero:

Buy SAIL Futures:
Stop loss 38, Target 40, 41. Global rally in metal stocks is expected.

Written By: ZeeBiz WebTeam
Edited By: Bivekananda Biswas
Updated: Mon, Nov 04, 2019
09:20 am
ZeeBiz WebDesk
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