Anil Singhvi’s Strategy September 14: Day support zone on Nifty is 11,350-11,425 & Bank Nifty is 22,075-22,275

Amid positive global markets, foreign institutional investors (FIIs), neutral 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, September 14, 2020

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

Amid positive global markets, foreign institutional investors (FIIs), neutral 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, September 14, 2020.

Benchmark domestic stocks Friday, September 11, 2020, closed with marginal gains amid mixed global cues. The Sensex at Bombay Stock Exchange added 14 points, or 0.04 per cent, to close at 38,855. The Nifty at National Stock Exchange also rose 15 points, or 0.13 per cent, to settle at 11,464. The Bank Nifty gained 14 points, or 0.06 per cent, and settled at 22,480.

On the other hand, the broader market at BSE outperformed the Sensex. The Mid-cap surged 0.58 per cent and Small-cap climbed 0.52 per cent.

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

Day support zone on Nifty is 11,350-11,425, the day higher range is 11,525-11,575 and above that 11,600-11,650 is profit booking zone.

Day support zone on Bank Nifty is 22,075-22,275, the day higher range is 22,650-22,850 and above that 22,950-23,075 is profit booking range.

Small day range for trading on Nifty is 11,425-11,525, while the medium and bigger range is 11,375-11,575 and 11,325-11,650, respectively.

Small day range for trading on Bank Nifty is 22,275-22,675, while the medium and bigger range is 22,200-22,750 and 22,075-22,850, respectively.

FIIs net index long 56% Vs 58%, PCR 1.49 vs 1.57, VIX down 3% to 20.71

For Existing Long Positions:

Nifty intraday and closing stop loss are 11,275.

Bank Nifty intraday and closing stop loss are 22,200.

For Existing Short Positions:

Nifty intraday and closing stop loss are 11,525.

Bank Nifty intraday and closing stop loss are 22,700.

For New Positions:

Buy Nifty with a stop loss of 11,400 and target 11,500, 11,525, 11,575, 11,600, 11,650.

Sell Nifty in 11575-11650 range with a stop loss of 11,700 and target 11,525, 11,500, 11,475.

Buy Bank Nifty with a stop loss of 22,200 and target 22,650, 22,750, 22,850, 22,950.

Sell Bank Nifty in 22,850-22,950 range with a stop loss of 23,100 and target 22,750, 22,650, 22,550, 22,500.

See Zee Business Live TV Streaming Below:10 Stocks In F&O Ban:

3 Enters Ban: Adani Enterprises, Canara Bank, Vedanta

7 Already in Ban: Bank of Baroda, IB Housing, PNB, Vodafone Idea, BHEL, JSPL and Apollo Tyres.

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