Amid positive global markets, sentiment, negative foreign neutral institutional investors (FIIs), sentiment, domestic institutional investors (DIIs) and neutral futures & options (F&O) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, May 25, 2021.
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Domestic stock markets ended with small gains on Monday, May 24, 2021. The gains were led by firmness in banking stocks. The S&P BSE Sensex rose 111.42 points or 0.22 per cent to settle at 50,651.90. The Nifty 50 index gained 22.40 points or 0.15 per cent and closed at 15,197.70. The Bank Nifty index closed 336.70 points or 0.97 per cent higher at 34,943.60.
In the broader market, S&P BSE MidCap rose 0.86 per cent and S&P BSE SmallCap ended 0.70 per cent higher.
Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for May 25:
Day support zone on Nifty is 15,110-15,140, below that 15,010-15,050 is a strong Buy zone.
Day higher zone on Nifty is 15,250-15,310, above that 15,375-15,425 is a Profit-booking zone.
Day support zone on Bank Nifty is 34,525-34,700, below that 34,150-34,300 is a strong Buy zone.
Day higher zone on Bank Nifty is 35,275-35,500, above that 35,575-35,800 is a Profit-booking zone.
Small Day Range for trading on Nifty is 15,140-15,250, while the medium and bigger day ranges are 15,110-15,310 and 15,050-15,400, respectively.
Small Day Range for trading on Bank Nifty is 34,600-35,275, while the medium and bigger day ranges are 34,525-35,425 and 34,300-35,575, respectively.
FIIs Index long at 60% Vs 61%.
PCR at 1.30 Vs 1.38.
India VIX was unchanged at 19.13.
For Existing Long Positions:
Nifty intraday and closing stop loss are 15,100.
Bank Nifty intraday and closing stop loss are 34,500.
For Existing Short Positions:
Nifty intraday and closing stop loss are 15,325.
Bank Nifty intraday and closing stop loss are 35,225.
For New Positions:
Buy Nifty with a stop loss of 15,100 and target 15,250, 15,310, 15,350, 15,400.
Aggressive Traders Sell Nifty in 15,300-15,400 range with Strict stop loss of 15,450 and target 15,250, 15,200, 15,175, 15,150.
For New Positions:
Buy Bank Nifty with a stop loss of 34,500 and target 35,200, 35,275, 35,425, 35,500, 35,575, 35,750, 35,800.
Aggressive Traders Sell Bank Nifty in 35,425-35,750 range with a Strict stop loss of 35,850 and target 35,300, 35,225, 35,025, 34,950, 34,700, 34,625.
F&O Ban Update:
3 Out Of Ban: NALCO, SAIL, JSPL
New In Ban: Canara Bank
2 Already In Ban: PNB, BHEL