Anil Singhvi strategy for February 13: Key market triggers, important levels to track in Nifty50, Nifty Bank

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark at 17,750-17,800 levels on Monday, February 13, and a strong buy zone in the 17,650-17,725 band. For the Nifty Bank — whose 12 constituents include SBI, HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, Axis Bank and ICICI Bank, he sees support coming in at 41,275-41,425, and a strong buy zone in the 41,000-41,100 area. 

Here's how Anil Singhvi sums up the market setup on February 13: 

• Global: Neutral
• FII: Neutral
• DII: Neutral
• F&O: Neutral
• Sentiment: Neutral
• Trend: Neutral

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 17,875-17,925 levels and a strong sell zone at 17,975-18,025 levels.​ For the banking index, he sees a higher zone at 41,675-41,800 levels and a strong sell area in the 41,950-42,075 band.  

• FII index longs at 18 per cent on Monday vs 19 per cent the previous day

• Put-call ratio (PCR) at 1.05 vs 1.12 the previous day

• Nifty Bank PCR at 0.87 vs 0.86 the previous day

• Fear index India VIX down 2.26 per cent at 12.75

Anil Singhvi market strategy

For existing long positions:

• Nifty50 intraday and closing stop loss at 17,700

• Nifty Bank intraday stop loss at 41,000 and closing stop loss at 41,350

For existing short positions:

• Nifty intraday stop loss at 18,025 and closing stop loss at 17,900

• Nifty Bank intraday stop loss at 42,000 and closing stop loss at 41,800

For new positions in Nifty:

• Buy Nifty in the 17,725-17,800 range with a stop loss at 17,650 for targets of 17,850, 17,875, 17,900, 17,975, 18,000 and 18,025

• Sell Nifty in the 17,950-18,025 range with a stop loss at 18,125 for targets of 17,900, 17,875, 17,850, 17,800, 17,775 and 17,750

For new positions in Nifty Bank:

• Aggressive traders can buy Nifty Bank in the 41,275-41,375 range with a strict stop loss at 41,075 for targets of 41,425, 41,500, 41,550, 41,625, 41,675, 41,775 and 42,000

• Aggressive traders can sell Nifty Bank in the 41,725-41,875 range with a strict stop loss at 42,000 for targets of 41,625, 41,550, 41,500, 41,400, 41,275 and 41,100

F&O ban update

• Already in ban: IB Housing Finance, Ambuja Cements

• New in ban: None

• Out of ban: None

STOCKS OF THE DAY

Negative:

• Sell Balkrishna Industries: Revenue growth below estimates, a weak operational performance on all parameters

Positive

• ABB: Very strong operational performance
• PB Fintech: Improved operational performance but stock has already run up 

Follow-up buying expected in Aurobindo Pharma

More selling expected in Lupin

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