Anil Singhvi’s Strategy April 15: Day support zone on Nifty is 14,450-14,500 & Bank Nifty is 31,100-31,300

Amid positive global markets, foreign institutional investors (FIIs), futures & options (F&O), neutral domestic institutional investors (DIIs) and sentiment cues, the short-term trend of the Indian stock markets will be neutral on Thursday, April 15, 2021.

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The Sensex and the Nifty on Tuesday, April 13, 2021, climbed more than one per cent. The domestic stocks added amid mixed global cues. The Sensex at Bombay Stock Exchange closed above 48,500-mark while the Nifty at National Stock Exchange settled above 14,500-level.

The Sensex gained 661 points, or 1.38 per cent, to 48,544. The Nifty also appreciated 194 points, or 1.36 per cent, to trade at 14,505. Similarly, Bank Nifty went up 980 points, or 3.18 per cent, to settle at 31,772. The broader markets at BSE also surged. The Mid-Cap Index rose 1.46 per cent and the Small-Cap added 1.21 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for April 15:

Day support zone on Nifty is 14,450-14,500, below that 14,325-14,375 is a strong Buy zone. 

Day higher zone on Nifty is 14,575-14,650, above that 14,700-14,775 is strong Profit-booking zone.

Day support zone on Bank Nifty is 31,100-31,300, below that 30,550-30,800 is a strong Buy zone. 

Day higher zone on Bank Nifty is 32,125-32,325, above that 32,450-32,675 is strong Profit-booking zone. 

The small Day Range for trading on Nifty is 14,450-14,575, while the medium and bigger day ranges are 14,375-14,650 and 14,325-14,700, respectively.

The small Day Range for trading on Bank Nifty is 31,200-32,325, while the medium and bigger day ranges are 30,800-32,450 and 30,550-32,675, respectively. 

FIIs Index long at 58% Vs 50%

PCR comfortable at 1.15 Vs 0.88

India VIX 11% down at 20.46

For Existing Long Positions:

Nifty intraday and closing stop loss are 14,450.

Bank Nifty intraday and closing stop loss are 31,500.

For Existing Short Positions:

Nifty intraday and closing stop loss are 14,575.

Bank Nifty intraday and closing stop loss are 32,000.

For New Positions:

Buy Nifty with a stop loss of 14,450 and target 14,550, 14,575, 14,635, 14,675, 14,700, 14,750. 

Sell Nifty in 14,675-14,750 range with a stop loss of 14,825 and target 14,635, 14,600, 14,550, 14,500, 14,450.

For New Positions:

Buy Bank Nifty in 30,800-31,125 range with a stop loss of 30,500 and target 31,300, 31,750, 31,875, 32,000, 32,125, 32,325.

Aggressive Traders Buy Bank Nifty with strict stop loss of 31,500 and target 32,000, 32,125, 32,325, 32,450, 32,500, 32,675.

Sell Bank Nifty in 32,450-32,675 range with a stop loss of 32,800 and target 32,350, 32,150, 32,025, 31,900, 31,800, 31,700.

F&O Ban Update:

Out of Ban: SAIL

Already in Ban: Nil

New in Ban: Nil

Stock of the Day:

Buy AB Capital: Stop loss 113 and target 120, 123, 126. Board approves Aditya Birla Sun Life AMC IPO. The company will sell 28.5 Lakh Stocks in IPO.