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. 

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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. 

Index Support levels Higher levels
Nifty50 18,125, 18,100, 18,050, 18,025, 18,000, 17,950, 17,900 18,175, 18,200, 18,250, 18,275, 18,300
Nifty Bank 42,375, 42,300, 42,225, 42,175, 42,125, 42,075, 42,025, 41,875 42,450, 42,500, 42,575, 42,675, 42,725, 42,825
  • 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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