Anil Singhvi strategy for January 25: Key market triggers, important levels for Nifty50, Nifty Bank today

Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 benchmark to come in at 18,025-18,075 levels on Wednesday as Dalal Street heads into the Republic Day market holiday the next day. Further below, he sees a strong buy zone in the 17,950-18,000 area. 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 at 42,450-42,575 levels, and a strong buy zone in the 42,225-42,375 band. 

Here's how Anil Singhvi sums up the market setup on January 25: 

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

For the 50-scrip headline index, Anil Singhvi expects a higher zone at 18,150-18,200 levels, and further above, a strong sell zone in the 18,250-18,300 band. For the banking index, he sees a higher zone at 42,825-42,950 levels, and a strong sell area in the 43,000-43,150 zone. 

• FIIs index longs at 58 per cent on Wednesday vs 56 per cent on Tuesday
• Put-call ratio (PCR) at 0.81 on Wednesday vs 0.94 the previous day
• Nifty Bank PCR at 0.75 vs 0.95 the previous day
• Fear gauge India VIX flat at 13.66

Anil Singhvi market strategy

For existing long positions:

• Nifty50 intraday stop loss at 17,950 and closing stop loss at 18,000
• Nifty Bank intraday stop loss at 42,450 and closing stop loss at 42,300

For existing short positions:

• Nifty intraday and closing stop loss at 18,250
• Nifty Bank intraday and closing stop loss at 43,100

For new positions in Nifty:

• Buy Nifty in the 18,000-18,075 range with a stop loss at 17,950 for targets 18,100, 18,125, 18,150, 18,175 and 18,200

• Sell Nifty with a stop loss at 18,250 for targets of 18,075, 18,050, 18,025, 18,000, 17,950, 17,900

For new positions in Nifty Bank:

• Buy Nifty Bank in the 42,225-42,375 range with a stop loss at 42,100 for targets of 42,450, 42,500, 42,550, 42,625, 42,700 and 42,825

• Aggressive traders can buy Nifty Bank near 42,500 with a strict stop loss at 42,375 for targets of 42,550, 42,625, 42,700, 42,825, 42,950 and 43,000

• Sell Nifty Bank in the 42,900-43,075 range with a stop loss at 43,150 for targets of 42,825, 42,725, 42,625, 42,550, 42,500 and 42,450

• Aggressive traders can sell the banking index with a strict stop loss at 43,000 for targets of 42,625, 42,575, 42,500, 42,450, 42,375, 42,300 and 42,225

F&O ban

• Out of ban: PVR, Delta Corp, L&T Finance
• New in ban: None
• Already in ban: None

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