Anil Singhvi’s Strategy February 12: Day support zone on Nifty is 15,065-15,115 & Bank Nifty is 35,550-35,650

Amid neutral global markets, futures & options (F&O), positive foreign institutional investors (FIIs), sentiment and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Friday, February 12, 2021.

The Sensex and Nifty on Thursday, February 11, 2021, ended with gains of more than 0.4 per cent. The key equity indices climbed amid mixed global cues. The BSE Sensex closed 222.13 points, or 0.43 per cent, up at 51,531.52 and the NSE Nifty added 66.80 points, or 0.44 per cent, to trade at 15,173.30. The Bank Nifty fell 31 points, or 0.09 per cent, to 35,752.10.

See Zee Business Live TV Streaming Below:

The broader market at BSE also gained outperforming the Sensex. The BSE Mid-Cap index was up 0.45 per cent while the BSE Small-Cap index appreciated 1.1 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for February 12:

Day support zone on Nifty is 15,065-15,115, below that 14,975-15,025 is strong Buy zone.

 Day higher zone on Nifty is 15,225-15,250, above that 15,300-15,350 is profit-booking zone.

Day support zone on Bank Nifty is 35,550-35,650, below that 35,350-35,425 is strong Buy zone. 

Higher zone on Bank Nifty is 36,000-36,050, above that 36,225-36,450 is strong sell zone.

The small day range for trading on Nifty is 15,115-15,225, while the medium and bigger day ranges are 15,065-15,250 and 14,975-15,300, respectively.

The small day range for trading on Bank Nifty is 35,550-36,000, while the medium and bigger day ranges are 35,425-36,225 and 35350-36450, respectively.

FIIs Index long unchanged at 66%.

PCR at 1.58 vs 1.30.

India VIX down 4% at 23.05.

For Existing Long Positions:

Nifty intraday stop loss is 15,050 and closing stop loss is 15,100.

Bank Nifty intraday and closing stop loss are 35,550. 

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,260.

Bank Nifty intraday and closing stop loss are 36,100.

For New Positions:

Buy Nifty in 15,065-15,115 range with a stop loss of 14,975 and target 15,150, 15,175, 15,225, 15,250, 15,300. 

Aggressive traders Sell Nifty in 15,250-15,300 range with a stop loss of 15,350 and target 15,200, 15,175, 15,150, 15,115, 15,075. 

For New Positions:

Buy Bank Nifty in 35,350-35,550 range with a stop loss of 35,300 and target 35,650, 35,750, 35,800, 35,875, 35,975, 36,050.

Sell Bank Nifty in 36,000-36,225 range with a stop loss of 36,300 and target 35,900, 35,800, 35,750, 35,650, 35,575.

Total 2 stocks in F&O Ban:

New In Ban: Nil

Already In Ban: BHEL, SAIL

Out Of Ban: SUN TV