Anil Singhvi strategy for January 19: Key market triggers, important support levels for Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi expects the Nifty50 benchmark to find support at 18,000-18,050, below which, he sees a strong buy zone for the index in the 17,900-17,950 band. For the Nifty Bank -- whose 12 constituents include SBI, HDFC Bank, Kotak Mahindra Bank, Bank of Baroda and ICICI Bank, he sees support at 42,025-42,125 levels, and a strong buy zone in the 41,725-41,875 band. 

Here's how Anil Singhvi sums up the market setup on January 19: 

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

For the Nifty50, Anil Singhvi expects resitance to come in at 18,150-18,200, above which, he sees a strong sell zone at 18,250-18,300 levels. 

• FII index long at 51 per cent vs 45 per cent the previous day
• Put-call ratio (PCR) at 1.35 vs 1.16 the previous day
• Bank Nifty PCR at 1.06 vs 0.81 the previous day
• India VIX down 1.5 per cent at 14.37

Anil Singhvi market strategy

For existing long positions:

• Nifty intraday stop loss at 18,000 and closing stop loss at 17,850
• Bank Nifty intraday and closing stop loss at 42,000

For existing short positions:

• Nifty intraday and closing stop loss at 18,200
• Bank Nifty intraday stop loss at 42,725 and closing stop loss at 42,625

For new positions in Nifty:

• Sell Nifty with a stop loss at 18,300 for targets of 18,100, 18,050, 18,025, 18,000, 17,975, 17,950, 17,900

• Buy Nifty in the 17,900-18,000 range with a stop loss at 17,850 for targets of 18,025, 18,050, 18,100, 18,125, 18,150, 18,175

For new positions in Nifty Bank:

• Sell Nifty Bank with a stop loss at 42,750 for targets of 42,300, 42,225, 42,175, 42,125, 42,075, 42,025, 41,875

• Buy Nifty Bank in the 41,875-42,025 range with a stop loss at 41,700 for targets of 42,125, 42,175, 42,225, 42,300, 42,375, 42,450, 42,550

F&O ban

• Out of ban: Indiabulls Housing Finance
• Already in ban: Delta Corp, Manappuram Fin, L&T Finance, GNFC
• New in ban: None

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