Anil Singhvi’s Strategy December 14: Day support zone on Nifty is 13,400-13,450 & Bank Nifty is 30,200-30,325

Amid positive global markets, foreign institutional investors (FIIs), futures & options (F&O), sentiment and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Monday, December 14, 2020

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

Amid positive global markets, foreign institutional investors (FIIs), futures & options (F&O), sentiment and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Monday, December 14, 2020.

Key domestic indices closed in a positive note on Friday, December 11, 2020, after hitting lifetime highs. The S&P BSE Sensex rose 139.13 points or 0.30 per cent at 46,099.01. The Nifty 50 index gained 35.55 points or 0.26 per cent at 13,513.85. Bank Nifty gained 94.50 points or 0.31 per cent to settle at 30,604.85.

The broader market at BSE, the BSE Mid-Cap index rose 0.15 per cent while the BSE Small-Cap index closed 0.51 per cent down.

TRENDING NOW

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

Day support zone on Nifty is 13,400-13,450 and day higher zone is 13,575-13,650.

Day support zone on Bank Nifty is 30,200-30,325 and day higher zone is 30,800-30,950, above that 31,175-31,300 is profit-booking zone.

The small day range for trading on Nifty is 13,475-13,575, while the medium and bigger ranges are 13,450-13,600 and 13,400-13,650, respectively.

The small day range for trading on Bank Nifty is 30,500-30,800, while the medium and bigger ranges are 30,325-30,950 and 30,200-31,200, respectively.

FIIs increased Index long to 77% Vs 74%.

PCR comfortable at 1.52 Vs 1.68.

VIX 1% up at 18.79.

For Existing Long Positions:

Nifty intraday and closing stop loss are 13,375.

Bank Nifty intraday and closing stop loss are 30,200

For Existing Short Positions:

Nifty intraday and closing stop loss are 13,600.

Bank Nifty intraday and closing stop loss are 30,825.

For New Positions:

Buy Nifty with a stop loss of 13,400 and target 13,550, 13,575, 13,600, 13,650, 13,700.

Aggressive Traders can Sell Nifty near 13,650 with a stop loss of 13,700 and target 13,600, 13,575, 13,525.

For New Positions:

Buy Bank Nifty in 30,200-30,375 range with a stop loss of 30,000 and target 30,500, 30,600, 30,700, 30,800.

Aggressive Traders buy Bank Nifty with strict stop loss of 30,450 and target 30,800, 30,950, 31,050, 31,175, 31,250, 31,300.

Sell Bank Nifty in 30,950-31,200 range with a stop loss of 31,300 and target 30,825, 30,725, 30,625, 30,525.

F&O Ban Update:

No Fresh entry or exit from Ban

2 Stocks Already in Ban: PNB, Canara Bank

Stock of the Day:

Buy Kaveri Seeds: Stop loss 510 and target 550, 575. Agri focused stocks in demand, Attractive valuations. Trades around 10x P/E, appx. 48 rupees cash per share.

See Zee Business Live TV Streaming Below:

Burger King IPO Listing Preview: Expected to list around 110-120 range. Short-term investors keep a stop loss at 100. Long-term investors can hold.

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