The small and medium trading range for the day on Nifty lies between 11,400-11,500 and 11,350-11,550 respectively while the extreme range stands at 11,300- 11,575.
08:58 AM IST
EMI calculation: Should you pay or not? Anil Singhvi explains what home loan, auto loan, other borrowers should do
Anil Singhvi: Unless coronavirus vaccine comes, things will not improve significantly
EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward
Anil Singhvi’s Strategy March 30: 8,300-8,400 is Next Support Zone on Nifty
Zee Business Impact: RBI puts stamp of approval on Anil Singhvi's demand to cut repo rate by 75 bpsAmid positive foreign institutional investors (FII) and neutral global market, futures & options (F&O) and domestic institutional investors (DIIs) and cautious sentiment cues, the short-term trend of the Indian stock markets will be positive on Thursday, March 28, 2019.
Earlier on Wednesday, March 27, 2019, the stock markets ended with modest losses after a volatile session. The Sensex at the Bombay Stock Exchange dropped 100.53 points (0.26%) to close at 38,132.88. The Nifty 50 slipped 38.20 points (0.33%) to 11,445.05. However, Nifty Bank gained 137.65 points (0.46%) to settle at 30,019.80
Zee Business's Managing Editor Anil Singhvi's Market Strategy for March 28:
11,450 and 30,000 are going to be the deciding levels on Nifty and Bank Nifty.
The small and medium trading range for the day on Nifty lies between 11,400-11,500 and 11,350-11,550 respectively while the extreme range stands at 11,300- 11,575.
In the case of Bank Nifty, the small and medium trading range for the day lies between 29,900-30,050 and 29800-30150 respectively while the extreme range stands at 29,600-30,350.
Support Zone on the two indices, Nifty and Bank Nifty, lies between 11,350-11,400 and 29,600-29,750 respectively.
Selling Zone on Nifty and Bank Nifty for the day lies between 11,550-11,575 and 30,150-30,250 respectively.
For Existing Long Positions:
Nifty Intraday stop loss 11,400 and Closing stop loss 11,350.
Bank Nifty Intraday and Closing stop loss 29,800.
For Existing short positions:
Nifty Intraday Closing stop loss 11,500.
Bank Nifty Intraday 30,250 and Closing stop loss 30,000.
For New Positions:
Sell Nifty in 11,500-11,550 range with a stop loss of 11,600 and target 11,500, 11,450.
Buy Nifty in 11,350-11,400 range with a stop loss of 11,300 and target 11,450, 11,500.
Sell Bank Nifty with a stop loss of 30,250 and target 29,850, 29,750.
Buy Bank Nifty in 29,700-29,800 range with a stop loss of 29,600 and target 29,950, 30,050.
The put-call ratio (PCR) stands at 1.49 and the volatility index (VIX) is 17.05.
#EditorsTake | अमेरिका में क्यों हैं आर्थिक मंदी की चिंता ? - जानिए अनिल सिंघवी से@AnilSinghviZEE @devganrajat9 pic.twitter.com/MisTWgTBEa
— Zee Business (@ZeeBusiness) March 28, 2019
Sectors:
Positive: Fertilizers, FMCG, NBFC
Negative: Auto
Enters F&O Ban: Nil
Exit Ban: Reliance Power
4 Already in Ban: Adani Power, Adani Enterprises, IDBI, Jet Airways
Stock of the Day: Sell IDFC First Bank Futures: Stop loss 54 and target 52, 50, 48. Deutsche Bank sell recommends with Target of 35.
Watch this Zee Business video
Aaj Ka Hero:
Buy RCF: Stop loss 57 and target 59, 61. Chances of El Nino reduced, good monsoon expected.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
