Stock Market Today With Anil Singhvi: Market Guru unveils strategy to mint money; check out the dos and don'ts

Stock Market Today With Anil Singhvi: Amid rising US stock market, Zee Business Managing Editor Anil Singhvi today laid out the dos and don'ts for market participants here. He said that one should get confidence from it, but not 'over confidence.' The Market Guru said that till Nifty is trading above 11,125 to 11,175 range, it can't be termed as bearish. But, Singhvi also maintained that until NSE Nifty closes above 11,550 one should not make a conclusion that stock market is bullish either. Currently, the market is range-bound and it has opportunities for both bulls and bear. The Zee Business Managing Editor once again advised positional traders to come out of the mid-cap and small-cap stock holdings and move towards large-cap stocks.

The Market Guru said, "Currently, the market is range-bound, means it has opportunities for both bulls and bears. But, one should neither become over-bullish nor over-bearish. The market is not weak till it closes below 11,125 to 11,175 levels and at the same time it is not strong until it closes above 11,550 mark."

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In Bank Nifty, the Market Guru said that the banking index is trading in a broader range of 22,250 to 23,500. If the Bank Nifty closes below 22,250 then only it's an indication of bearish banking index and at the same time it can't be assumed over bullish until it closes above 23,500 mark.

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Buy-on-Dips और Sell-on-Rallies दोनों तरह के मिलेंगे मौके...

अनिल सिंघवी- Over-Bullish या Over-Bearish होना ठीक नहीं...लार्जकैप में रहिए, मिड-स्मॉलकैप शेयरों से निकल जाइए...#EditorsTake #Nifty #BankNifty @AnilSinghvi_ pic.twitter.com/z9JN0ddllL

— Zee Business (@ZeeBusiness) September 10, 2020

Asking positional traders to move from mid-cap and small-cap stock holdings to large-cap stocks, Singhvi said, "In the last one-week, mid-cap and small-cap stocks have gone through value destruction to the tune of 25 per cent to 30 per cent. However, in the same time, NSE Nifty has managed to maintain its range that reflects about the strong large-cap rally about to happen in the markets. So, my advice for the positional traders to shift positions from small-cap and mid-cap stocks to large-cap as nothing has changed in the markets for positional traders."