Short-term trends in the Indian stock market amid neutral global markets, foreign institutional investors (FII), futures and options (F & O), positive domestic institutional investors (DII), and cautious emotional clues. Will be positive on Monday, June 14th. 2021.
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The key indices ended with a slight rise on Friday, June 11, 2021, in the midst of positive global clues. The S & P BSE Sensex rose 174.29 points (0.33%), ending at 52,474.76. The Nifty 50 Index rose 61.60 points (0.39%) to close at 15,799.45. However, the Bank Nifty Index fell 83.80 points (0.24%) to 35,047.40.
In the broader market, the BSE MidCap index rose 0.14% and the BSE SmallCap index rose 0.40%.
Zee Business Editor-in-Chief Anil Singhvi’s June 14 Market Strategy:
Nifty’s day support zone ranges from 15,650 to 15,700, with 15,550 to 15,600 below it being a powerful purchasing zone.
Nifty’s daily high zone is 15,775-15,825, beyond which 15,875-15,925 becomes the profit booking zone.
Bank Nifty’s day support zone is 34,650-34,800, below which 34,400-34,525 is a strong purchasing zone.
Bank Nifty’s daily high zone is 35,300-35,450, beyond which 35,550-35,650 becomes the strong cell zone.
The small day range for trading at Nifty is 15,700 to 15,800, while the medium and large day ranges are 15,650 to 15,825 and 15,575 to 15,875, respectively.
The small day range for trading on Bank Nifty is 34,750-35,300, while the medium day range and large day range are 34,650-35,375 and 34,400-35,450, respectively.
FIIs index is long at 83% vs. 82%
Higher PCR at 1.35 vs. 1.52
India VIX fell 6% at 14.10
For existing long positions:
A nifty daytime stop loss is 15,675 and a closing stop loss is 15,575.
BankNifty has a daytime stop loss of 34,900 and a closing stop loss of 34,800.
For existing short positions:
A nifty daytime and closing stop loss is 15,850.
BankNifty has a daytime stop loss of 35,550 and a closing stop loss of 35,375.
For new positions:
Sell Nift with a stop loss of 15,850 and target 15,750, 15,700, 15,675, 15,650, 15,625, 15,575.
Buy Nifty in the range of 15575-15650 with a stop loss of 15,500 and target 15,700, 15,750, 15,800, 15,825.
For new positions:
Sell Bank Nifty with a stop loss of 35,375 and target 34,900, 34,800, 34,750, 34,650, 34,525.
Buy Bank Nifty in the range 34650-34750 with a stop loss of 34,400 and target 34,900, 34,975, 35,050, 35,150, 35,300.
F & O Ban Update:
5 Already banned: Sun TV, Nalco, BHEL, Canara Bk, Indiabulls Hsg Fin
New Banned Features: None
Not prohibited: None
Shyam Metalics IPO Preview:
Big wrist gain and long-term application
Inventory in DOUBLE in the long run
Impressive growth track record
0.11 times lower debt equity ratio
High ROE 26.2%
New CAPEX that doubles capacity by 2013
Promoter retains 88.35% after IPO
Further reduction of stocks in the future
Sona BLW Precision IPO Preview:
Long-term application or postlist purchase for a period of 1-3 years
Experienced promoters and solid track record
Great growth potential in the electric vehicle segment
Low debt capital ratio 0.16 and high ROE 17.3%
Expensive evaluation at 72PE ratio
Anil Singhvi's Strategy June 14: Nifty's day support zone is 15,650-15,700 and Bank Nifty is 34,650-34,800.
https://www.zeebiz.com/market-news/news-anil-singhvi-s-strategy-june-14-day-support-zone-on-nifty-is-15650-15700-bank-nifty-is-34650-34800-158514 Anil Singhvi's Strategy June 14: Nifty's day support zone is 15,650-15,700 and Bank Nifty is 34,650-34,800.