Anil Singhvi’s Strategy February 16: Day support zone on Nifty is 15,175-15,250, Bank Nifty is 37,000 and Nureca, RailTel IPO Previews

Amid positive global markets, foreign institutional investors (FIIs), sentiment, neutral futures & options (F&O) and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, February 16, 2021.

Domestic benchmark indices closed with strong gains on Monday, February 15, 2021. The Sensex and Nifty today logged gains of around one per cent amid positive global cues. The Sensex closed above 52,000-mark for the first time while the NSE Nifty settled above 15,300 level. 

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The BSE Sensex closed 609.83 points, or 1.18 per cent, up at 52,154.13 and the NSE Nifty climbed 151.40 points, or 1 per cent, to settle at 15,314.70. Bank Nifty went up by 1,297.35 points, or 3.32 per cent, to end at 37,306.25. 

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

Day support zone on Nifty is 15,175-15,250, below that 15,075-15,125 is strong Buy zone. 

Day higher zone on Nifty 15,350-15,400, above that 15,450-15,475 is profit-booking zone. 

Day support level on Bank Nifty is 37,000 below that 36,475-36,625 is strong Buy zone.

Day higher zone on Bank Nifty is 37,450-37,600, above that 37,850-37,950 is profit-booking zone. 

The small day range for trading on Nifty is 15,250-15,350, while the medium and bigger ranges are 15,175-15,400 and 15,115-15,450, respectively. 

The small day range for trading on Bank Nifty is 37,000-37,450, while the medium and bigger ranges are 36,625-37,750 and 36,475-37,950, respectively. 

FIIs increased Index long at 63% vs 62%.

PCR at 1.57 vs 1.38.

India VIX down 2% at 21.48.

For Existing Long Positions:

Nifty intraday stop loss is 15,225 and closing stop loss is 15,150.

Bank Nifty intraday and closing stop loss are 37000. 

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,350.

Bank Nifty intraday and closing stop loss are 37,500.

For New Positions:

Buy Nifty with a stop loss of 15,225 and target 15,340, 15,390, 15,440, 15,475, 15,500. 

Sell Nifty in 15,475-15,500 range with a stop loss of 15,550 and target 15,440, 15,400, 15,350, 15,320.

For New Positions:

Buy Bank Nifty with a stop loss of 37,000 and target 37,450, 37,600, 37,750, 37,850, 37,950.

Sell Bank Nifty in 37950-38000 range with a stop loss 38,100 and target 37,850, 37,750, 37,600, 37,500.

Total 2 stocks in F&O Ban:

New In Ban: Nil

Already In Ban: BHEL, SAIL

Out Of Ban: Nil

RAILTEL IPO Preview:

Expect 12-15% Annual Returns for Long term

Apply for LONG TERM and SMALL LISTING GAIN

Positives:

Government company with good Business prospects

Debt Free

Negative:

Reasonable Valuations 

NURECA IPO Preview:

ONLY HIGH-RISK INVESTORS SHOULD APPLY FOR LISTING GAINS

Company trying to encash booming IPO Market and Pharma Industries

Positives:

Outstanding Financials for the last 6 months

Potential of Extraordinary Business growth

Small 100 crore size IPO could see fireworks

Negatives:

Last 3 years Financials not impressive

CMD has just 10 years Experience

Lead Manager track record not impressive