Positive global markets, foreign institutional investors (FIIs) and sentiments, neutral futures & options (F&O) and domestic institutional investors (DIIs) cues suggest that the short-term trend of the domestic stock markets will be positive on Monday, April 15, 2019.
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Zee Business Impact: RBI puts stamp of approval on Anil Singhvi's demand to cut repo rate by 75 bpsPositive global markets, foreign institutional investors (FIIs) and sentiments, neutral futures & options (F&O) and domestic institutional investors (DIIs) cues suggest that the short-term trend of the domestic stock markets will be positive on Monday, April 15, 2019.
Earlier on Friday, April 12, 2019, despite trading in a narrow range for the first half, the markets witnessed a surge in the second half and closed on a positive note. Nifty 50 closed up by 46.75 points at 11,643.45 while BSE Sensex was up by 160.10 points at 38,767.11 levels.
Similarly, Bank Nifty went up by 152.45 points to settle at 29,938.55. GAIL was the top gainers of the day and were up by 3.71% while ITC and Maruti Suzuki were up by 3.68% and 2.23 per cent respectively.
Zee Business's Managing Editor Anil Singhvi's Market Strategy for April 15:
11,650 and 30,000 are going to be the deciding levels on Nifty and Bank Nifty.
The small and medium day range for trading on Nifty lies between 11,600-11,680 and 11,575-11,710. The extreme range for trading stands at 11,550-11,750.
The small and medium day range for trading on Bank Nifty lies between 29,850-30,050 and 29,800-30,175. The extreme range for trading stands at 29,650-30,250.
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For Existing Long Positions:
Nifty Intraday and Closing stop loss 11,575.
Bank Nifty Intraday and Closing stop loss 29750.
For Existing short positions:
Nifty Intraday and Closing stop loss 11,700.
Bank Nifty Intraday and Closing stop loss 30,100.
For New Positions:
Buy Nifty with a stop loss of 11,575 and target 11,680, 11,710, 11,750.
Sell Nifty in 11,725-11,750 range with a stop loss of 11,800 and target 11,675, 11,650.
Buy Bank Nifty with a stop loss of 29,800 and target 30,050, 30,150, 30,225.
Sell Bank Nifty in 30,175-30,250 range with a stop loss of 30,350 and target 30,050, 30,000.
The put-call ratio (PCR) stands at 1.55 and the volatility index (VIX) is 21.
Enters F&O Ban: Nil
Exit Ban: PC Jewellers.
6 Already in Ban: IDBI, Jet Airways, Reliance Power, DLF, Wockhardt, DHFL.
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Stock of the Day:
Sell Infosys Futures: Stop loss 762 and target 735, 725. Margin below expectations, Week Guidance.
Result Analysis:
TCS: Mixed Results, Margins better due to favourable currency movement.
Aaj Ka Hero
Buy Wockhardt: Stop loss 445 and target 455, 465, 470.
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