Anil Singhvi’s Strategy February 15: Day support zone on Nifty is 15,115-15,150 & Bank Nifty is 35,800-36,000

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

The BSE Sensex and the NSE Nifty on Friday, February 12, 2021, ended almost flat, losing gains of the afternoon session, amid profit booking and mixed global cues. The Sensex gained 13 points or 0.02 per cent to close at 51,544 while the Nifty index fell 10 points or 0.07 per cent to 15,163. The Bank Nifty gained 357 points or one per cent to close at 36,109. 

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On the other hand, the broader market at BSE also ended flat. The BSE Mid-Cap index was up 0.06 per cent while the BSE Small-Cap index depreciated 0.02 per cent.

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

Day support zone on Nifty is 15,115-15,150, below that 15000-15065 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 35,800-36,000, below that 35,575-35,700 is strong Buy zone.

Higher zone on Bank Nifty is 36,325-36,475, above that 36,600-36,750 is strong sell zone. 

The small day range for trading on Nifty is 15,160-15,250, while the medium and bigger trading ranges are 15,115-15,300 and 15,065-15,350, respectively.

The small day range for trading on Bank Nifty is 36,000-36,325, while the medium and bigger day ranges are 35,800-36,475 and 35,650-36,600.

FIIs decreased Index long at 62% vs 66%.

PCR comfortable at 1.38 vs 1.58.

India VIX down 4% at 22.04.

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,100.

Bank Nifty intraday and closing stop loss are 35,750.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,260.

Bank Nifty intraday and closing stop loss are 36,325.

For New Positions:

Buy Nifty with a stop loss of 15,100 and target 15,225, 15,240, 15,265, 15,300, 15,350. 

Sell Nifty in 15300-15350 range with a stop loss of 15,400 and target 15,265, 15,245, 15,200, 15,175.

For New Positions:

Buy Bank Nifty with a stop loss of 35,950 and target 36,325, 36,475, 36,600, 36,750.

Aggressive traders Sell Bank Nifty in 36,475-36,600 range with a stop loss of 36,650 and target 36,325, 36,250, 36,125, 36,050. 

Total 2 stocks in F&O Ban:

New in Ban: Nil

Already in Ban: BHEL, SAIL

Out of Ban: Nil