Amid neutral global markets, negative foreign institutional investors (FIIs), sentiment, positive domestic institutional investors (DIIs) and future & options (F&O) cues, the short-term trend of the Indian stock markets will be negative on Tuesday, February 15, 2022. 

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The Sensex and the Nifty on Monday, February 14, 2022, logged heavy losses in sync with the plunge in the global equity markets. Both key domestic indices lost around three per cent. The Sensex at Bombay Stock Exchange finished below the 56,500 mark while the Nifty at National Stock Exchange ended below the 16,900 level.

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The Sensex tumbled 1747.08 points, or three per cent, to settle at 56,405.84 while the Nifty lost 531.95 points, or 3.06 per cent, to 16,842.80. The Bank Nifty index fell 1,608 points, or 4.18 per cent, to 36,908.55.

The Mid-Cap and the Small-Cap indices of the Bombay Stock Exchange fell more than the Sensex. The Mid-Cap index declined 3.51 per cent and the Small-Cap index ended 4.15 per cent down.

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

Day support zone on Nifty is 16,625-16,700, below that 16,425-16,525 is a strong Buy zone.

Day higher zone on Nifty is 17,000-17,075, above that 17,125-17,200 is a strong Sell zone.

Day support zone on Bank Nifty is 36,375-36,500, below that 35,850-36,025 is a strong support zone.

Day higher zone on Bank Nifty is 37,325-37,500, above that 37,700-37,850 is a strong Profit booking zone.

Nifty support levels are 16,775, 16,700 16,625, 16,565, 16,525, 16,425.

Nifty higher levels are 16,900, 16,950, 17,000, 17,075, 17,100, 17,150, 17,200.

Bank Nifty support levels are 36,800, 36,600, 36,500, 36,375, 36,200, 36,025, 35,850.

Bank Nifty higher levels 37,150, 37,325, 37,500, 37,575, 37,650, 37,700, 37,800, 37,975.

FIIs long position at 47% Vs 48%.

PCR near oversold at 0.76 Vs 1.09, Short covering expected from lower levels.

India VIX up by 23% at 22.98, Big Volatility expected.

For Existing Long Positions:

Nifty Intraday and Closing stop loss are 16,775.

Bank Nifty Intraday and Closing stop loss are 36,500.

For Existing Short Positions:

Nifty Intraday stop loss is 17,100 and Closing stop loss is 17,250.

Bank Nifty Intraday stop loss is 37,575 and Closing stop loss is 38,000.

For New Positions:

Buy Nifty in 16625-16700 range with a stop loss of 16,500 and target 16,775, 16,825, 16,900, 16,950.

Aggressive Traders Buy Nifty with a strict stop loss of 16,775 and target 16,950, 17,000, 17,075, 17,100, 17,150, 17,200.

Sell Nifty in 17075-17200 range with a stop loss of 17,300 and target 17,000, 16,900, 16,850, 16,800, 16,700, 16,625.

Aggressive Traders Sell Nifty on Gap-up Opening with a strict stop loss of 17,100 and target 16,800, 16,700, 16,625, 16,575, 16,525, 16,425.

For New Positions:

Aggressive Traders Buy Bank Nifty with a strict stop loss of 36,800 and target 37,050, 37,325, 37,500, 37,575, 37,650, 37,700, 37,800.

Sell Bank Nifty in 37,650-37,800 range with a stop loss of 38,050 and target 37,500, 37,325, 37,050, 36,900, 36,800, 36,600, 36,500.

F&O Ban Update:

New In Ban: IB Housing

4 Already In Ban: Tata Power, SAIL, PNB, BHEL

Out Of Ban: Nil